President Donald Trump announced on Oct. 24 that he was ending trade talks with Canada after Ontario’s government aired an ad using a 1987 Ronald Reagan speech criticizing tariffs.
— Rapid Response 47 (@RapidResponse47) October 24, 2025
Trump called the ad “fraudulent,” claiming it distorted Reagan’s views and accused Canada of interfering in U.S. affairs. The Reagan Foundation confirmed it had not authorized the ad but clarified that Reagan opposed tariffs and supported free trade.
The decision comes amid growing strain between Washington and Ottawa. Trump’s tariffs on Canadian autos, steel, and energy have already hit the country’s economy hard, with unemployment reaching a nine-year high.
— Rapid Response 47 (@RapidResponse47) October 24, 2025
Canadian Prime Minister Mark Carney, who has sought to diversify trade away from the U.S., said his government aims to double non-U.S. exports within a decade.
Here’s the original clip of Ronald Reagan from April 25, 1987, where he delivered a complete and total rebuke against tariffs. Trump is calling Reagan’s words in this video “FAKE” and “fraudulent.” They’re 100% real. And the original clip is actually far worse for Trump, as much… https://t.co/koi1Udz77B pic.twitter.com/ZchQyPWPfU
— MeidasTouch (@MeidasTouch) October 24, 2025
Experts warn Trump’s move could destabilize North America’s supply chain and undermine the U.S.-Mexico-Canada Agreement (USMCA), set for review next year.
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