U.S. President Donald Trump announced on Thursday that all trade negotiations with Canada have been terminated after a controversial advertisement featured former President Ronald Reagan criticizing tariffs. The ad, funded by the Ontario government, reportedly angered Trump, who called it “fraudulent” and accused Canada of “egregious behavior.”
The dispute stems from Trump’s earlier decision to impose tariffs on Canadian steel, aluminum, and automobiles, prompting retaliatory measures from Ottawa. Despite ongoing talks aimed at resolving the trade conflict, Trump declared on Truth Social, “ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.”
Ontario Premier Doug Ford confirmed that the anti-tariff ad had reached Trump’s attention, suggesting it may have influenced the president’s decision. The advertisement featured edited clips of Reagan’s 1987 radio address in which he warned that tariffs could lead to job losses and trade wars.
The Ronald Reagan Presidential Foundation condemned the ad, saying it used “selective audio and video” without authorization. The foundation stated it was reviewing potential legal action, emphasizing that the government of Ontario did not seek permission to modify Reagan’s remarks.
The Canadian federal government has yet to issue an official response. Meanwhile, Canadian Prime Minister Mark Carney reiterated that Canada would not permit unfair U.S. access to its markets should trade talks collapse.
Trump’s aggressive tariff policies have already raised U.S. import duties to their highest levels since the 1930s, alarming economists and global trade partners. With the U.S., Canada, and Mexico set to review their 2020 continental trade pact next year, this latest dispute adds further strain to North American trade relations.


UN Blacklists Israel and Russia Over Conflict-Related Sexual Violence Claims
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns
Trump Administration Threatens Newark Airport International Travel Shutdown Over Immigration Dispute
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar
Poland Considers Revoking Zelensky’s Top Honor Over Controversial UPA Army Unit Recognition
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge
Brazil Struggles to Stop Illegal Amazon Gold Mining as Gold Prices Surge
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks
Flavio Bolsonaro Meets Trump, JD Vance, and Marco Rubio Amid Brazil Political Crisis
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market
Baltic Drone Incidents Raise NATO Security Concerns
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 



