Trump terminates trade talks with Canada, citing Reagan tariffs ad

President Trump said he's ended trade talks with Canada over a TV ad that he claimed "fraudulently" featured the late President Reagan "speaking negatively" about tariffs. The latest: The Ronald Reagan Presidential Foundation & Institute said in a statement it's "reviewing legal options" after learning that the government of the Canadian province of Ontario "created an ad campaign using selective audio and video" of a 1987 address by the late presidentListen to President Reagan's unedited remarks here: https://t.co/1gQUcbR4eZ pic.twitter.com/iqmjSuypp0— Ronald Reagan Presidential Foundation & Institute (@RonaldReagan) October 24, 2025 Driving the news: "They only did this to interfere with the decision of the U.S. Supreme Court, and other courts," Trump claimed on Truth Social, ahead of oral arguments the justices are due to hear early next month in a case challenging his tariffs."TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED," he added.Representatives for Canadian Prime Minister Mark Carney's office and the Ronald Reagan Presidential Foundation & Institute did not immediately respond to Axios' Thursday night request for comment.Why it matters: This is what some economists see as a key risk of the Trump 2.0 era: never-ending trade wars, fragile negotiations that Trump could blow up at any moment — and the economic uncertainty that comes along with both.Zoom out: Trump's post comes one day after Carney announced a strategy for Canada to double exports to countries outside the U.S. within a decade due to Trump's tariffs."Many of our former strengths — based on close ties to America — have become our vulnerabilities," he said Wednesday.Thought bubble: Tensions with huge U.S. trading partners — first China and now Canada — are heating up again after a quiet stretch.Canada is among the nations that saw higher tariffs imposed on its U.S.-bound exports in August after the government and the Trump administration failed to reach a trade deal.Carney, a former banker who has sought to establish a good rapport with Trump, visited the White House this month — a trip that suggested tensions between the North American allies were thawing.Editor's note: This is a breaking news story. Please check back for updates.

Comments

World news

Kraken win over Jets a family affair for Lambert

Global News

Trump terminates trade talks with Canada claiming it ‘fraudulently’ used ad featuring Ronald Reagan speaking negatively about tariffs

about 3 hours ago

Lacking community resilience centers, Houston neighbors opt for solar-powered 'hub homes'

Independent

Trump’s Transportation Secretary ‘can’t guarantee’ flights won’t be delayed or canceled as FAA struggles with staffing amid shutdown

about 5 hours ago

Jack Smith proposes public testimony to combat ‘mischaracterizations’ of Trump investigation

Independent

Comments

Similar News

Hopes rise for US-China tariff breakthrough as White House confirms Trump to meet Xi Jinping

Donald Trump scraps all 'trade negotiations' with Canada - because of TV ads

Trump says trade talks with Canada 'terminated' over anti-tariffs advert

Trump says he's ending trade talks with Canada over TV ads

Trump says he’s canceling trade negotiations with Canada over anti-tariff ad

Trump says he is ending trade negotiations with Canada

Trump’s Russian oil sanctions shake energy markets

The Trump Supremacy

Trump piles pressure on Netanyahu with diplomatic blitz

Is Trump preparing for civil war? – podcast

Trump says all Canada trade talks ‘terminated’ over ad criticising tariffs

Trump says he’s ending trade talks with Canada over TV ads

Trump terminates trade talks with Canada claiming it ‘fraudulently’ used ad featuring Ronald Reagan speaking negatively about tariffs

Trump team revises White House ‘history’ with ‘drug user’ Hunter Biden, Bill embracing Monica and Obama in a turban

Senate GOP chair declines hearings on Trump's boat attacks off Venezuela

Trump terminates 'all trade negotiations' with Canada in retaliation for 'fake' TV advert

Trump merges war on drugs with war on terror in Venezuela showdown

Trump Says He’s Cutting Off Trade Negotiations With Canada

Trump says trade talks with Canada ‘terminated,’ claiming Ontario used ‘fake’ anti-tariff Reagan ad

Jack Smith proposes public testimony to combat ‘mischaracterizations’ of Trump investigation

World news

Kraken win over Jets a family affair for Lambert

Oilers not satisfied with start to season

Trump says he’s ending trade talks with Canada over TV ads

Podkolzin scores late, Oilers down Canadiens 6-5

Daccord, Seattle Kraken blank Winnipeg Jets 3-0

Trump terminates trade talks with Canada claiming it ‘fraudulently’ used ad featuring Ronald Reagan speaking negatively about tariffs

Lacking community resilience centers, Houston neighbors opt for solar-powered 'hub homes'

New York Attorney General Letitia James will make first court appearance in mortgage fraud case

Trump team revises White House ‘history’ with ‘drug user’ Hunter Biden, Bill embracing Monica and Obama in a turban

For Its 80th Birthday, the U.N. Needs More Than a Reset

Should I leave my properties in multiple trusts to help my kids cut inheritance tax?

Senate GOP chair declines hearings on Trump's boat attacks off Venezuela