Overview
- President Donald Trump announced on Truth Social that, citing “egregious” conduct, all trade negotiations with Canada are “hereby terminated.”
- The Ronald Reagan Presidential Foundation and Institute said Ontario’s ad uses selective excerpts that misrepresent Reagan’s 1987 address and that no permission was granted, and it is reviewing legal options.
- Ontario’s campaign, reported at roughly C$75 million, is airing on U.S. networks and features Reagan warning about the long-term harms of high tariffs; Premier Doug Ford has promoted the effort to U.S. audiences.
- Canadian federal officials did not issue an immediate substantive response; earlier this month Prime Minister Mark Carney met Trump and has since signaled plans to boost non‑U.S. exports in light of U.S. tariffs.
- The rupture adds uncertainty ahead of U.S. Supreme Court arguments on the legality of Trump’s tariffs in early November and the USMCA review next year, with auto, steel, aluminum and other sectors already under strain from reciprocal duties.