U.S. President Donald Trump announced on Thursday that all trade negotiations with Canada have been terminated, citing what he described as a fraudulent advertisement in which former and late President Ronald Reagan allegedly criticised tariffs.

Trump imposed tariffs on Canadian steel, aluminium and autos earlier this year, prompting Ottawa to respond in kind. The two sides have been in talks for weeks on a potential deal for the steel and aluminium sectors.

“Based on their egregious behaviour, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED,” Trump wrote on Truth Social.

Ontario Premier Doug Ford said earlier this week the ad from his province with anti-tariff messaging had caught Trump’s attention. The ad showed Reagan, a Republican, criticising tariffs on foreign goods w

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