Trump Says He'll Increase Tariff On Canada By 10 Percent After Reagan Ad Uproar

WASHINGTON — President Donald Trump, in a Truth Social post, announced on Saturday that he would increase the tariff on Canada by 10 percent.

The decision came after an advertisement featured former President Ronald Reagan speaking on tariffs, he said.

"Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs," Trump wrote. "The Reagan Foundation said that they, 'created an ad campaign using selective audio and video of President Ronald Reagan. The ad misrepresents the Presidential Radio Address, and 'did not seek nor receive permission to use and edit the remarks. The Ronald Reagan Presidential Foundation and Institute is reviewing its legal options in this matter." The sole purpose of this FRAUD was Canada’s hope that the United States Supreme Court will come to their 'rescue' on Tariffs that they have used for years to hurt the United States."

He added: "Now the United States is able to defend itself against high and overbearing Canadian Tariffs (and those from the rest of the World as well!). Ronald Reagan LOVED Tariffs for purposes of National Security and the Economy, but Canada said he didn’t! Their Advertisement was to be taken down, IMMEDIATELY, but they let it run last night during the World Series, knowing that it was a FRAUD. Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now. Thank you for your attention to this matter!"

On Friday, Trump said he would put the brakes on "all trade negotiations" with Canada because of the television ad, according to the Associated Press.

Gov. Kathy Hochul spoke out against the news Saturday. "President Trump’s decision to walk away from trade talks with Canada is an impulsive and costly mistake that New Yorkers will pay for through higher prices and lost opportunities," she said. "Canada is our top trading partner. Thousands of New York businesses, farmers, and border communities depend on that relationship. Tourism from Canada powers our economy from Niagara Falls to Montauk Point."

She added: "This administration’s decision to end talks simply because of an ad is petty, shortsighted, and harmful. New Yorkers deserve better than personal grudges that drive up costs and risk our livelihoods."