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Trump Hikes Canada's Tariffs By 10% for Not Pulling Anti-Tariff Ad Immediately
Trump said the ad campaign misrepresented Reagan's speech on tariffs, and aimed at interfering with the upcoming Supreme Court hearing on his administration's global tariffs.
"Canada was caught, red-handed, putting up a fraudulent advertisement on Ronald Reagan's Speech on Tariffs," Trump wrote on Truth Social.
"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.'"
"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."
The US president didn't specify the scope of his new measure. While Canada faces a US base tariff of 35%, the rate doesn't apply to most Canadian goods because of an exemption for products and shipments made within the rules of the US-Mexico-Canada Agreement.
Steel and aluminum products don't have that waiver — and Canadian-made cars and trucks are only partially eligible for exemption from Trump's 25% tariffs on most foreign autos.
"Tariffs at any level remain a tax on America first, then North American competitiveness as a whole," Candace Laing, head of the Canadian Chamber of Commerce in Ottawa, said in a statement. "We hope this threat of escalation can be resolved through diplomatic channels and further negotiation."
Canada PM Mark Carney has been engaged in talks with the US to lower the levies and Ontario Premier Doug Ford has pledged to pause the Ontario-funded ads in the US on Monday after speaking to Carney in hopes that the talks could resume. After Trump first halted the negotiations, Carney said Ottawa was prepared to resume discussions "when the Americans are ready," and said that the two sides had been making progress on steel, aluminum and energy.