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Trump cuts off trade talks with Canada over Reagan tariff ad

Trump ended trade talks accusing Canada of airing a $75 million ad campaign misusing Reagan's words to oppose U.S. tariffs amid a pending Supreme Court case.

  • US President Donald Trump announced the termination of all trade negotiations with Canada due to an anti-tariff advertisement that misrepresented Ronald Reagan's views on tariffs.
  • The Ronald Reagan Presidential Foundation stated that the advertisement misrepresented Reagan's remarks and that Ontario did not have permission to use his speech.
  • Trump accused Canada of egregious behavior for using the ad to influence U.S. Supreme Court decisions.
  • This decision follows recent discussions between Trump and Canadian Prime Minister Mark Carney on trade relations.
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Forbes broke the news in United States on Thursday, October 23, 2025.
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