President Donald Trump said Saturday he is increasing the tariff on Canada by 10% over current levels, further escalating trade tensions over what he called a “fake” ad that featured parts of an anti-tariff speech by former President Ronald Reagan in 1987.

President Donald Trump said on Saturday that he plans to hike tariffs on imports of Canadian goods by an extra 10% because of an anti-tariff television ad aired by the province of Ontario.

Trump's global sectoral tariffs -- particularly on steel, aluminum, and autos -- have hit Canada hard, forcing job losses and squeezing businesses.