President Donald Trump has announced the termination of all trade negotiations with Canada, citing a television advertisement that he claims misrepresented facts about U.S. tariffs. Trump described the ad as "egregious behavior" intended to influence U.S. court decisions. The announcement was made on his social media platform following comments from Canadian Prime Minister Mark Carney, who indicated plans to double Canadian exports to countries outside the U.S. due to the ongoing tariff threats.

In his post, Trump stated, "The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs." He emphasized the importance of tariffs for U.S. national security and the economy, declaring, "Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED."

The ad in question, created by the Ontario government, featured former President Ronald Reagan criticizing tariffs and their negative impact on jobs and trade. The Ronald Reagan Presidential Foundation responded by stating that the ad misrepresented Reagan's remarks and that Ontario did not have permission to use the footage. The foundation is currently reviewing legal options regarding the matter.

Carney's office did not respond immediately to requests for comment. He was scheduled to depart for a summit in Asia, while Trump was set to leave for a similar event later that day. Earlier in the week, Trump had acknowledged seeing the ad, suggesting it demonstrated the impact of his tariffs. He stated, "If I was Canada, I'd take that same ad also."

The trade relationship between the U.S. and Canada has been strained for months, particularly following Trump's imposition of steep tariffs on Canadian goods, including steel and aluminum. In retaliation, Canada has enacted its own tariffs on U.S. products. The two countries have been engaged in discussions regarding the U.S.-Mexico-Canada Agreement, a trade deal that Trump negotiated during his first term but has since criticized.

Ontario Premier Doug Ford had previously noted that the ad had garnered Trump's attention, saying, "I heard that the president heard our ad. I'm sure he wasn't too happy."

As trade tensions escalate, more than three-quarters of Canadian exports are directed to the U.S., with nearly $3.6 billion Canadian worth of goods and services crossing the border daily. The ongoing disputes could have significant implications for both economies as they navigate the complexities of international trade agreements and tariffs.