US President Donald Trump, Canadian Prime Minister Mark Carney | Photo credit: REUTERS
U.S. President Donald Trump said Thursday that all trade negotiations with Canada were ending after what he called a fraudulent ad in which former President Ronald Reagan spoke negatively about tariffs.
“Based on their egregious conduct, ALL TRADE NEGOTIATIONS WITH CANADA are HEREBY TERMINED,” Trump wrote on Truth Social.
Ontario Premier Doug Ford said earlier this week that the ad with anti-tariff messages had caught Trump’s attention. The ad showed Reagan, a Republican, criticizing tariffs on foreign goods, saying they were causing job losses and trade wars.
“I heard the president heard our ad. I’m sure he wasn’t too happy,” Ford said Tuesday.
Trump has used tariffs as leverage against many countries around the world.
His trade war has raised U.S. tariffs to their highest levels since the 1930s and he has regularly threatened more tariffs, raising concerns among businesses and economists.
Canadian Prime Minister Mark Carney told reporters on Thursday that Canada will not allow unfair US access to its markets if talks on several trade deals with Washington fail.
Trump imposed tariffs on Canadian steel, aluminum and cars earlier this year, prompting Ottawa to respond in kind. The two parties have been discussing a possible deal for the steel and aluminum sectors for weeks.
Next year, the US, Canada and Mexico will revise their 2020 continental free trade agreement.
Published on October 24, 2025
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