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Trump Says Carney ‘Apologized’ for Canada’s Reagan Tariffs Ad

Trade talks halted after Ontario aired an anti-tariff ad; Trump imposed a 10% tariff increase despite Carney's apology, with 0.4% GDP growth impact noted by Statistics Canada.

  • On Oct 31, US President Donald Trump flatly rejected resuming trade talks with Canada, saying discussions 'will not resume' despite Canadian Prime Minister Mark Carney's apology and threatening a 10 per cent tariff.
  • An Ontario advertisement aired in the US drew from a 1987 radio address by former US president Ronald Reagan and prompted Trump to call off bilateral trade negotiations last week.
  • Statistics Canada reported the trade battle is slowing growth, with just 0.4 per cent annualised expansion in the third quarter as levies on steel, aluminium and automobiles squeeze Canadian businesses and workers.
  • US Energy Secretary Chris Wright said the goal is for the US and Canada to return to the table and cooperate on oil, gas and critical minerals despite a sudden reversal between two historic allies.
  • Relations are complicated by deep trade links and personal ties as Canada is the United States' second-largest trading partner and Mr Trump said he had a `good relationship` with Mr Carney and that `I really like him a lot`.
Insights by Ground AI

18 Articles

Lean Left

The Canadian province of Ontario's commercial against Trump's customs policy exacerbated the trade dispute between Canada and the US

·Vienna, Austria
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Lean Right

Canadian Prime Minister Mark Carney has apologized to US President Donald Trump for an advertisement that put an end to negotiations on a trade agreement between the parties. Carney says ...

·Aarhus, Denmark
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Bias Distribution

  • 36% of the sources lean Left, 36% of the sources lean Right
36% Right

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Bloomberg broke the news in United States on Friday, October 31, 2025.
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