US President Donald Trump announced the immediate termination of all trade negotiations with Canada on Friday, October 24, 2025. The decision was prompted by a $75 million advertisement from Ontario"s government that allegedly featured edited footage of former President Ronald Reagan criticizing tariffs, which Trump labeled as fraudulent.
The Ronald Reagan Presidential Foundation condemned the advertisement as misleading and unauthorized. The foundation stated that it is currently reviewing legal options regarding the matter.
This development marks a significant escalation in U.S.-Canada trade relations, which have been under scrutiny in recent months. For more on this situation, see related coverage.
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