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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.

  • President Donald Trump announced the termination of all trade negotiations with Canada due to an Ontario ad criticizing his tariffs, which he called fraudulent.
  • The Ronald Reagan Foundation stated that the Ontario ad misrepresents the former president's remarks on tariffs made in 1987.
  • Ontario Premier Doug Ford claimed the ad featured an unedited excerpt from Reagan's speech, which was available in the public domain.
  • Canadian Prime Minister Mark Carney stated that Canada will not allow unfair U.S. access to its markets if trade talks fail, indicating ongoing tensions in trade relations.
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Trump ends all Canada trade talks over 'fake' tariff ad

US President Donald Trump on Friday doubled down on ending trade talks with Canada over an anti-tariff advertising campaign, as Prime Minister Mark Carney sought to downplay the sudden rupture.

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Forbes broke the news in United States on Thursday, October 23, 2025.
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