President Trump abruptly called off trade negotiations with Canada on Thursday after the Ontario government funded an anti-tariff ad campaign, featuring the voice of Ronald Reagan.
“The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs,” Trump wrote in a late night Truth Social.
“High tariffs inevitably lead to retaliation by foreign countries… Markets shrink and collapse, businesses and industries shut down, and millions of people lose their jobs.”
The Government of Ontario is up with this anti-tariff ad featuring a clip of Ronald Reagan. pic.twitter.com/fJ7MtVSGSy
— AdImpact Politics (@AdImpact_Pol) October 21, 2025
Listen to President Reagan's unedited remarks here: https://t.co/1gQUcbR4eZ pic.twitter.com/iqmjSuypp0
— Ronald Reagan Presidential Foundation & Institute (@RonaldReagan) October 24, 2025
Globe – Trump says he’s ending trade talks with Canada over Ontario anti-tariff ad
CBC – Trump says he’s terminating trade talks with Canada over Ontario anti-tariff ad
NatPo – Trump says trade talks with Canada ‘terminated,’ claiming Ontario used ‘fake’ anti-tariff Reagan ad
CTV – Trump says trade negotiations with Canada are ‘terminated’ after Ontario’s anti-tariff ads
Global – Trump says he’s ending trade talks with Canada over TV ads
INTERNATIONAL …
NYTimes – Trump Says He’s Cutting Off Trade Negotiations With Canada
WSJ – Trump Says He Is Terminating Trade Negotiations With Canada
BBC – What’s in controversial Reagan advert and is it what he really said?
The Times – Trump terminates Canada trade talks over Ronald Reagan ‘fraud’
The Telegraph – Trump ends trade talks with Canada over anti-tariff Reagan advert
