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.


Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks
South Korea Remains MSCI Emerging Market Despite Reform Progress
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations
US Seeks Gulf Support for Iran Peace Deal Amid Regional Tensions
Republican Lawmaker Introduces AI Incident Reporting Bill to Strengthen U.S. AI Safety
US Approves $250 Million Fighter Jet Training Sale to Australia
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers
Peru Election Dispute Deepens as Roberto Sanchez Rejects Runoff Results
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes
U.S. Eases Iran Team Travel Restrictions Ahead of Seattle World Cup Match
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response
Crimea Power Outage After Ukrainian Drone Attack, Russian Authorities Say
Israel Heritage Bill Sparks Annexation Concerns in West Bank
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 



