Donald Trump says he is ending all trade talks with Canada based on an anti-tariff ad the Ontario government is running featuring former U.S. President Ronald Reagan warning about the economic threats posed by tariffs.

The ad contains a radio address made by Reagan in 1987 in which he says, “High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. Then the worst happens: Markets shrink and collapse, businesses and industries shut down, and millions of people lose their jobs.”

“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 said in a late-night post on his Truth Social platform. “They only did this to interfe

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