Guno צְבִי
We fight, We win, Am Yisrael Chai
President Donald Trump said Saturday he is increasing the tariff on Canada by 10% over current levels, further escalating trade tensions over what he called a “fake” ad that featured parts of an anti-tariff speech by former President Ronald Reagan in 1987.
“Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs,” Trump posted on Truth Social, adding, “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.”
The president’s post came after he said Thursday he was terminating trade talks with Canada, threatening once again to upend the crucial economic relationship between the United States and its second-biggest trading partner. The new tariff is Trump’s latest salvo in his global trade agenda after he imposed a levy of 100% “over and above” any tariffs on China in retaliation for new export controls Beijing imposed on rare-earth minerals earlier this month.
“Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs,” Trump posted on Truth Social, adding, “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.”
The president’s post came after he said Thursday he was terminating trade talks with Canada, threatening once again to upend the crucial economic relationship between the United States and its second-biggest trading partner. The new tariff is Trump’s latest salvo in his global trade agenda after he imposed a levy of 100% “over and above” any tariffs on China in retaliation for new export controls Beijing imposed on rare-earth minerals earlier this month.