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Trump cuts off trade talks with Canada over Reagan tariff ad

President Trump cited a $75 million Ontario ad campaign as interference in an upcoming U.S. Supreme Court tariff case, prompting him to end all trade negotiations with Canada.

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