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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.

  • U.S. President Donald Trump announced the termination of trade negotiations with Canada due to an ad using Ronald Reagan's remarks against tariffs, which he accused Canada of misrepresenting.
  • The Ronald Reagan Presidential Foundation stated that the ad by Ontario used selective audio and did not receive permission to edit the content.
  • The ad campaign cost approximately $75 million and aimed to influence U.S. court decisions regarding tariffs, prompting Trump's response.
  • The breakdown in negotiations could escalate trade tensions, impacting economic relations as more than three-quarters of Canadian exports go to the U.S.
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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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