Trump announces 10% increase in tariffs on Canada

President Donald Trump said on Saturday he is going to increase tariffs on Canada by 10% "above what they're paying now." 

The announcement comes days after he ended trade talks with Canada over a controversial ad that quoted former President Ronald Reagan.

“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,” Trump wrote in a post on Truth Social on his way to Malaysia for a summit.

“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 added.