Reagan Foundation drawn into Donald Trump's controversies
Share this @internewscast.com

The Ronald Reagan Presidential Foundation and Institute finds itself at the center of a storm of both criticism and commendation after contesting a Canadian advertisement that allegedly distorted the late president’s words to criticize President Donald Trump’s tariff policies.

Details remain unclear regarding the California-based foundation’s motivation to address the controversy surrounding the ad. The advertisement, commissioned by Ontario Premier Doug Ford, incorporated excerpts from a 1987 Reagan speech that questioned the effectiveness of tariffs as an economic strategy.

Following the foundation’s social media statement accusing the ad of using “selective audio” from Reagan, President Trump echoed their concerns in his own online post. He threatened to halt all trade with Canada, condemning the ad for meddling in U.S. political matters.

Trump took to social media to speak against the ad campaign.(AP)

Reagan’s speech highlighted the dangers of high tariffs, which often provoke retaliation and ignite intense trade wars. The cycle leads to escalating tariffs, towering trade barriers, and dwindling competition.

As tariffs artificially inflate prices, inefficiencies and poor management are subsidized, resulting in decreased consumer purchasing.

Ultimately, markets may shrink and collapse, causing businesses and industries to shut down, which can lead to millions of job losses.

The Reagan Foundation is a tax-exempt nonprofit that helps fund his library, which is part of the National Archives and Records Administration.

As part of its tax-exempt status, the foundation is prohibited from endorsing political candidates and, generally, must be nonpartisan in its activities.

Share this @internewscast.com
You May Also Like

Australian Authorities Cancel South African Man’s Visa Following Neo-Nazi Rally at NSW Parliament

A South African man who attended a neo-Nazi rally that chanted Hitler…
Jimmy Barnes has shared the devastating moment that he attempted suicide in a hotel room. Speaking in his new Channel Seven documentary, Working Class Man (pictured), on Monday, the singer, 69, says he had hit a low point in his battle with alcohol in 2012

Jimmy Barnes Opens Up About a Dark Chapter: His Suicide Attempt While His Wife Slept Unaware

Jimmy Barnes has opened up about a harrowing period in his life…
Soldiers of the Bundeswehr's Panzerbrigade 21 tank brigade equipped with electronic back and communication equipment seen during a visit on March 30, 2022 in Augustdorf, Germany.

Rising Threats Lead Nations to Reinstate Military Drafts

The contentious topic of compulsory military conscription, one many assumed had been…

Sheikh Hasina Receives Death Sentence in Connection with Student Crackdown

A Bangladesh court has sentenced ousted Prime Minister Sheikh Hasina to death…
Townsend gathers his thoughts after watching Scotland blow a 21-0 lead against Argentina

Scottish Team’s Crushing Loss to Argentina Sparks Debate on Coach Gregor’s Future

After a devastating home loss to Argentina, Gregor Townsend is facing mounting…

Albanese Highlights Australia’s New Trade Opportunities Following Tariff Breakthrough

Anthony Albanese will use a major speech to push Australia’s case on…
Trump hints at decision on Venezuela - is the US about to go to war?

Trump’s Bold Stance on Venezuela: Is U.S. Military Intervention on the Horizon?

US President Donald Trump suggested he has made up his mind on…
Seth Meyers discusses Trump

Trump Responds Fiercely to Claims of Being ‘Most Unpopular President Ever

Donald Trump has resumed his social media siege against the late night…

Assassination of Anti-Drug Mayor Ignites Gen Z Protests Across Mexico

More than 100 people were injured and 20 arrested during a massive…

Australian Cycling Community Mourns Loss of Paralympian Gold Medalist Paige Greco

Australian Paralympic gold medallist Paige Greco has died aged 28. The para-cyclist…
Trevor Gillmeister

Rugby Legend Trevor Gillmeister Faces Shocking Assault Charges Against Officer

Trevor Gillmeister, a celebrated former rugby player known for his contributions to…

Australia Responds to Türkiye’s Proposal for Joint COP31 Hosting

Australia has poured cold water on the idea it could jointly lead…