United States President Donald Trump  terminated all trade negotiations with Canada, over a ‘fake’ anti-tariff advertisement that showed a clip of former American President Ronald Reagan. In a post on Truth Social, the American President said, “The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs. The ad was for $75,000.

Trump mentioned that the Ontario Government solely intended to obstruct the decision of the US Supreme Court and other courts. “TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY AND ECONOMY OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED. Thank you for your attention to this matter! President DJT,” he said.

According to reports, the controversial advertisement, reportedly paid for by the Canadian government, was running on major US networks at a cost $75 million. The end of trade negotiations came weeks after Donald Trump met Canadian Prime Minister Mark Carney on October 7, 2025. Speaking to reporters at the Oval Office, Trump said that the trade negotiations are “complicated, more complicated than maybe any other agreement we have on trade.”

“I love Canada, and the people of Canada, and Mark feels the same way about here,” Trump added. Meanwhile, the US President noted that geographic proximity had created “competing business interests,” which often put America at a disadvantage, despite improved relations. “We believe the Canada-US relationship has come a long way,” he said.

Regarding US tariffs on Canadian metals, Trump said, “We want to make our own steel, we don’t want to bring in steel for the most part,” he said, while stressing his desire for Canada to thrive economically. “We want Canada to do well. We’re working on formulas, and we’ll get there,” he added, noting that direct competition between the countries had limits. “We’re in competition.”