Trump is still crying about an ad that clearly captured how Ronald Reagan felt about tariffs. This is surely just some kind of squeeze to try to get a better tariff deal.
Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs. The Reagan Foundation said that they, “created an ad campaign using selective audio and video of President Ronald Reagan. The ad misrepresents the Presidential Radio Address,” and “did not seek nor receive permission to use and edit the remarks. The Ronald Reagan Presidential Foundation and Institute is reviewing its legal options in this matter.” The sole purpose of this FRAUD was Canada’s hope that the United States Supreme Court will come to their “rescue” on Tariffs that they have used for years to hurt the United States. Now the United States is able to defend itself against high and overbearing Canadian Tariffs (and those from the rest of the World as well!). Ronald Reagan LOVED Tariffs for purposes of National Security and the Economy, but Canada said he didn’t! 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. 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. Thank you for your attention to this matter!
The Ronald Reagan Foundation was taken over by a MAGA board. The thing is, this is only going to bring more attention to the ad and Reagan's strong anti-tariff views, which he spoke of many times.
The market didn't care about him breaking off talks on Friday and isn't likely to care about this either. Notably, he doesn't really specify which tariffs he's talking about here. The USMCA tariffs are zero but a small portion of trade not covered by that is paying anywhere from 15-50%.
See for yourself how Reagan felt about tariffs:
Here's the ad:
