U.S. President Donald Trump said on Saturday (October 25, 2025) he was increasing tariffs on Canada by an additional 10% “above what they’re paying now,” just two days after ending trade talks with Ottawa over what Mr. Trump said was a misleading advertisement.
Mr. Trump announced the higher tariffs in a Truth Social post on Saturday, referencing an ad aired by the government of the Canadian province of Ontario, featuring a video of late President Ronald Reagan, a Republican icon, saying that tariffs cause trade wars and economic disaster.
