US President Donald Trump announced Thursday evening the end of trade negotiations with Canada, citing an Ontario government-sponsored television ad that included audio of former President Ronald Reagan speaking negatively about tariffs.
Trump wrote on his Truth Social platform, "Tariffs are critical to the national security and economy of the United States. Based on their egregious actions, all trade negotiations with Canada are canceled."
Trump claimed that Canada fraudulently used a fake ad featuring Reagan speaking negatively about tariffs, and that the ad was designed to interfere with the Supreme Court and other courts that assess the legality of broad tariffs.
Trump warned of catastrophe if the Supreme Court overturned his tariffs, including forcing the government to reimburse billions of dollars in tariffs to businesses.
The announcement included excerpts from a 1987 speech by Reagan in which he defended the principles of free trade and strongly criticized tariffs, arguing that they hinder innovation, raise prices, and harm American workers.
This move comes two weeks after Canadian Prime Minister Mark Carney visited Trump at the White House, which did not result in the announcement of any concrete agreement, despite signs of progress
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