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Trump Ends Trade Talks with Canada Over Anti-Tariff Advertisement

Written by: Team Angel OneUpdated on: 24 Oct 2025, 8:09 pm IST
US President Donald Trump halts trade talks with Canada after a TV ad criticising US tariffs used Ronald Reagan’s voice to oppose protectionism.
Trump Ends Trade Talks with Canada
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US President Donald Trump has announced the termination of trade talks with Canada, citing an advertisement aired in Canada that criticised US tariffs. 

The ad, reportedly costing US$75,000, featured a manipulated version of a Ronald Reagan address condemning tariffs and trade wars. Trump called the move a “fraudulent interference” with the US legal system and an “egregious attempt” to influence court decisions.

Trump Accuses Canada of “Fraudulent” Use of Reagan’s Speech

In a post on Truth Social on October 23, 2025, Trump stated that the Ronald Reagan Foundation had confirmed the video was fake and used without authorisation. Hence, he had decided to terminate all trade talks with Canada. 

The announcement follows increasing tensions between Washington and Ottawa, especially after Canadian Prime Minister Mark Carney revealed plans to double exports to countries outside the US in response to Trump’s aggressive trade measures.

Canadian Response and the Anti-Tariff Campaign

Ontario Premier Doug Ford shared the controversial anti-tariff ad on his X account earlier this month. The ad used excerpts from Ronald Reagan’s 1987 radio address warning against trade wars. 

In his post, Ford wrote, “Using every tool we have, we’ll never stop making the case against American tariffs on Canada.” The campaign marks Ontario’s latest attempt to rally US public opinion against Trump’s tariffs, which have hit Canadian industries hard.

Read More:Rising India-US Trade Deal Sentiment Boosts Avanti Feeds and Apex Frozen Foods Stocks!

‘Liberation Day’ Tariffs and Rising Trade Tensions

Earlier in April, Trump introduced what he called “Liberation Day” tariffs, imposing new levies on Canadian exports, including autos, digital services, steel and energy products. Canada retaliated with equivalent tariffs. Currently, Canadian exports face up to 35% tariffs from the US, while bilateral negotiations on steel and aluminium had been ongoing before Trump’s latest announcement.

Carney’s Reaction and Future Outlook

Speaking to reporters on October 24, 2025, Carney reiterated that Canada “will not allow unfair US access to its markets” if trade discussions continue to stall. He emphasised that Canada would accelerate efforts to diversify its export markets, strengthening ties with Asia-Pacific and European nations to reduce dependence on the US.

Trump’s decision to halt talks could deepen economic frictions between the two neighbours, potentially affecting billions in bilateral trade and cross-border supply chains.

Conclusion

Trump’s abrupt termination of trade negotiations underscores escalating US-Canada tensions. The dispute, rooted in tariffs and political messaging, marks a new chapter in North American trade relations as both sides reposition their economic strategies for the future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Published on: Oct 24, 2025, 2:37 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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