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A $75 million television advertisement produced by the Ontario government has triggered an unexpected collapse in US–Canada trade talks . The ad, which aired in the United States earlier this week, used old audio and video of former President Ronald Reagan criticising tariffs, a policy central to US President Donald Trump’s economic agenda. Within hours of seeing the footage, Trump posted a fiery response on Truth Social, announcing that all trade negotiations with Canada were “hereby terminated."

Calling the ad “fraudulent" and “fake," Trump accused Canada of interfering with a looming US Supreme Court verdict on the legality of his tariffs. The Reagan Foundation also weighed in, accusing Ontario of using the 1987 material without permission and threatening l

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