Donald Trump Escalates His Trade War With Canada--and Ronald Reagan

WSJ Opinion: Potomac Watch

The Wall Street Journal

Society & Culture, News

4 • 2.7K Ratings

🗓️ 27 October 2025

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

After Ontario releases an ad featuring Ronald Reagan touting free trade over tariffs, Donald Trump increases the tariffs on Canada to 10% in response. Is Trump right about Reagan? Plus, President Javier Milei wins in Argentina on a mandate of free-market reforms, and President Trump heads to Asia as the U.S. and China reach a trade truce. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Nearly home.
0:02.2	Isn't home where we all want to be?
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0:23.5	real with realtor.com. Pros number one most trusted app based on August 24 proprietary survey.
0:32.5	From the opinion pages of the Wall Street Journal, this is Potomac Watch.
0:40.3	President Trump is back,
0:46.8	flexing his muscles on the world stage. This time with trade and the economy in focus, he lashes out at Canada with a new 10% tariff in response, believe it or not, to a television ad from the
0:53.2	province of Ontario. Plus, in Argentina, the Coalition of not, to a television ad from the province of Ontario.
0:54.8	Plus, in Argentina, the Coalition of Free Market Reform President, Javier Malay,
1:00.3	scores a surprising victory in midterm elections after backing from President Trump.
1:06.1	And the president appears to strike another trade truce with China as he prepares to meet Chinese
1:12.6	President Xi Jinping on Thursday in Asia. Welcome, I'm Paul Gigi, and this is our daily
1:19.4	Potomac Watch podcast from the Wall Street Journal editorial page, and today I'm joined by
1:25.0	my colleague, Mary Anastasio Grady, who follows North and Latin America
1:30.6	and international economic policy. Mary, let's start with Canada. Donald Trump, the president
1:36.5	lashing out in response to a TV spot, sponsored by the government of Ontario, Canada's largest
1:43.5	province. Let's listen to a big chunk of that ad.
1:46.6	When someone says, let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs.
1:57.1	And sometimes for a short while it works, but only for a short time.
	...

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