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- Trump announces 10% increase in tariffs on Canada</p>
<p>ReutersOctober 26, 2025 at 5:24 AM</p>
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<p>FILE PHOTO: U.S. President Donald Trump meets with Canada's Prime Minister Mark Carney in the Oval Office at the White House in Washington, D.C., U.S., October 7, 2025. REUTERS/Evelyn Hockstein/File Photo</p>
<p>WASHINGTON (Reuters) -U.S. President Donald Trump said on Saturday 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 Trump said was as a misleading advertisement.</p>
<p>Trump announced the higher tariffs in a Truth Social post on Saturday, referencing an ad aired by the government of Canadian province Ontario featuring a video of late President Ronald Reagan, a Republican icon, saying that tariffs cause trade wars and economic disaster.</p>
<p>Canadian Prime Minister Mark Carney said on Friday that Canada stood ready to resume trade talks with the United States.</p>
<p>The U.S. Commerce Department, the White House and Carney's office did not immediately respond to requests for comment.</p>
<p>(Reporting by Jasper Ward and Valerie Volcovici; Editing by Leslie Adler)</p>
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