President Donald Trump announced late Thursday he is ending negotiations with Canada after the provincial government of Ontario released a television advertisement critical of U.S. tariffs.

The ad featured the words of former President Ronald Reagan: “When someone says let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes, for a short while, it works — but only for a short time.”

It continued: “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.”

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