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Trump cuts off trade talks with Canada over Reagan tariff ad

Ontario's $75 million TV ad campaign criticizing U.S. tariffs prompted Trump to end all trade negotiations, citing interference in a pending Supreme Court case, officials said.

  • US President Donald Trump announced the termination of all trade negotiations with Canada due to a controversial advertisement that misrepresented Ronald Reagan's views on tariffs.
  • The advertisement, created by the Ontario government, cost $75 million and used edited clips of Reagan stating that tariffs can harm American workers and consumers.
  • The Ronald Reagan Foundation criticized the advertisement for misrepresentation and stated they are reviewing legal options.
  • Trump's decision to end negotiations heightens trade tensions with Canada.
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Forbes broke the news in United States on Thursday, October 23, 2025.
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