How Canada’s “Reagan ad” reignited Trump’s trade war

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  Good morning. It's Monday, October 27th.

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  I'm Shemitah Basu.

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  This is Apple News Today.

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  On today's show,

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  Congress launches an investigation into cases of U.S. citizens detained in immigration raids,

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  how Letitia James and James Comey are joining forces,

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  and France makes arrests in the Louvre jewelry heist.

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  But first,

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  it was a weekend where the Trump administration appeared to reignite a trade war in one direction

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  while edging closer to a truce in another.

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  Not so long ago, President Trump was suggesting there could be tariffs of 100% on Chinese exports,

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  a threat that sent jitters through Wall Street.

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  But as Treasury Secretary Scott Besant indicated on NBC's Meet the Press,

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  that appears to be off the table.

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  I think that's old news.

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  President Trump gave me a great deal of negotiating leverage with the threat of the 100 percent tariffs on November 1st.

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  And I believe we've reached a very substantial framework that will avoid that and allow us to discuss many other things.

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  Besant said that following the breakthrough in talks,

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  he expected a deferral on China's plans to curb rare earth materials that are so vital for U.S. manufacturing.

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  And speaking to ABC's Martha Raddatz,

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