Trump slaps 10% extra tariff on Canada over Reagan trade ad [View all]
Source: CNBC
Published Fri, Oct 24 2025 2:41 PM EDT Updated 33 Min Ago
President Donald Trump on Saturday said he was slapping an extra 10% tariff on imports from Canada in retaliation for what he says is a misleading TV ad featuring former President Ronald Reagan criticizing tariffs.
"Canada was caught, red handed, putting up a fraudulent advertisement in Ronald Reagan's Speech on Tariffs," Trump wrote in a post on Truth Social. "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," he wrote.
Canada generally pays a 35% tariff on goods sold in the U.S., with exceptions for certain products covered under the U.S.-Mexico-Canada Agreement, and other specific product exceptions, such as steel and aluminum, which are tariffed at 50%.
Trump on late Friday blasted the Ontario provincial government in Canada for waiting until after the first two games of the World Series to pause the Reagan ad. “They could have pulled it tonight,” Trump told reporters at the White House as he headed to fly to Asia. “Well, that’s dirty play,” he said. “But I can play dirtier than they can, you know.”
Read more: https://www.cnbc.com/2025/10/24/trump-canada-doug-ford-reagan-trade-tariffs.html
REFERENCE - https://www.democraticunderground.com/10143553098
Article updated.
Original article -
President Donald Trump on Saturday said he was slapping an extra 10% tariff on imports from Canada in retaliation for what he says is a misleading TV ad featuring former President Ronald Reagan criticizing tariffs.
"Canada was caught, red handed, putting up a fraudulent advertisement in Ronald Reagan's Speech on Tariffs," Trump wrote in a post on Truth Social. "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," he wrote.
Canada generally pays a 35% tariff on goods sold in the U.S., with exceptions for certain products covered under the U.S.-Mexico-Canada Agreement, and other specific product exceptions, such as steel and aluminum, which are tariffed at 50%.
Trump late Friday blasted the Ontario provincial government in Canada for waiting until after the first two games of the World Series to pause a television ad featuring former President Ronald Reagan criticizing tariffs. "They could have pulled it tonight," Trump told reporters at the White House as he headed to fly to Asia. "Well, that's dirty play," he said. "But I can play dirtier than they can, you know."
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