New Delhi, Oct. 26 -- Trade tensions between the United States and Canada escalated as President Donald Trump announced on Saturday, October 26, that he was hiking tariffs on Canadian goods by an additional 10 per cent "above what they're paying now." The new tariffs were result of a recent fallout over a Canadian anti-tariff ad featuring late President Ronald Reagan, criticising tariffs.

The additional tariffs on Canadian imports have been slapped two days after Donald Trump ended all trade negotiations with the neighbouring country, citing the "misleading and fraud" advertisement.

Donald Trump announced the additional 10 per cent tariffs on Canada on Truth Social. Accusing the Canadian authorities of using the parts of Ronald Reagan's...