Politics10/25/2025•Bloomberg

Trump Says He’ll Raise Canada Tariff by 10% After Reagan Ad

Trump Says He’ll Raise Canada Tariff by 10% After Reagan Ad

President Donald Trump has announced a 10% increase in US tariffs on Canada, citing an anti-tariff advertisement by the province of Ontario. The move is seen as an escalation in the ongoing trade tensions between the two countries. The advertisement, which was critical of Trump's tariff policies, has reportedly "roiled" the bilateral trade relationship. The decision to raise tariffs comes as the US and Canada continue to negotiate the terms of a new trade agreement, following the renegotiation of the North American Free Trade Agreement (NAFTA). The increase in tariffs is likely to further strain the economic ties between the two nations, which have long been important trading partners. The article provides a concise summary of the key events, without delving into the political or economic implications of the decision.

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