Morning Brew Daily Trump Raises Tariffs On Canada Over Ad Spat & Nike Wants Motorized Walking
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Oct 27, 2025 Trump's recent tariff hike on Canada sparks a fierce debate, fueled by a controversial ad featuring Reagan's audio. Meanwhile, Argentina hangs in the balance as Javier Milei's free-market reforms unfold amid political tensions. In culinary news, a restaurant's twist on New York-style bagels captures attention, raising eyebrows among purists. Lastly, Nike pushes boundaries with innovative designs like motorized shoes, transforming everyday walks into a futuristic experience.
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Tariff Spike Fueled By A TV Ad
- Trump raised an extra 10% tariff on Canadian goods after a TV ad featuring Reagan criticized tariffs.
- The move escalated trade tensions and was framed as retaliation rather than pure economic policy.
Supreme Court Could Decide Tariff Future
- The Supreme Court hearing on November 5 will test whether Trump's use of a 1977 law to justify tariffs meets the 'unusual and extraordinary' threshold.
- That ruling could force large reimbursements and swing markets if tariffs are struck down.
Tariffs Hit Only Non‑USMCA Goods
- Most US-Canada trade sits under USMCA, so Trump's extra 10% targets the roughly 20% of goods outside that deal.
- The headline number sounds bigger than the economic reach because it excludes USMCA-covered goods.