U.S. President Donald Trump announced on Thursday that all trade negotiations with Canada have been terminated after a controversial advertisement featured former President Ronald Reagan criticizing tariffs. The ad, funded by the Ontario government, reportedly angered Trump, who called it “fraudulent” and accused Canada of “egregious behavior.”
The dispute stems from Trump’s earlier decision to impose tariffs on Canadian steel, aluminum, and automobiles, prompting retaliatory measures from Ottawa. Despite ongoing talks aimed at resolving the trade conflict, Trump declared on Truth Social, “ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.”
Ontario Premier Doug Ford confirmed that the anti-tariff ad had reached Trump’s attention, suggesting it may have influenced the president’s decision. The advertisement featured edited clips of Reagan’s 1987 radio address in which he warned that tariffs could lead to job losses and trade wars.
The Ronald Reagan Presidential Foundation condemned the ad, saying it used “selective audio and video” without authorization. The foundation stated it was reviewing potential legal action, emphasizing that the government of Ontario did not seek permission to modify Reagan’s remarks.
The Canadian federal government has yet to issue an official response. Meanwhile, Canadian Prime Minister Mark Carney reiterated that Canada would not permit unfair U.S. access to its markets should trade talks collapse.
Trump’s aggressive tariff policies have already raised U.S. import duties to their highest levels since the 1930s, alarming economists and global trade partners. With the U.S., Canada, and Mexico set to review their 2020 continental trade pact next year, this latest dispute adds further strain to North American trade relations.


What ‘Taiwan Independence’ Means as Xi Presses Trump on US Policy
NATO Boosts Intelligence Sharing Amid Russia Hybrid Threats
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens
Abbas Reaffirms November 28 Palestinian Elections
Putin Says Ukraine Peace Proposals Remain on Table
Saudi Arabia Seeks Military Support as Houthi Attacks Escalate
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth
France Defends Netanyahu Airspace Clearance Despite ICC Warrant
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets
US Comfortable With Canada Trade Standoff as Import Bans Loom
Trump, Xi Focus on Trade and AI at White House Summit
Pope Leo Warns UN, Multilateral Groups Face Crisis
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets
Ukrainian Drone Attacks Hit Russian Regions, Injuring at Least 12
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 



