US President Donald Trump terminated all trade talks with Canada on Thursday.
He cited a fraudulent advertisement that featured Ronald Reagan criticizing tariffs.
Moreover, Trump claimed the ad showed egregious behavior from Canada.
He posted the termination announcement on his Truth Social account.
Advertisement Sparks Tension
Ontario Premier Doug Ford confirmed that the ad gained Trump’s attention.
Additionally, the ad portrayed Reagan opposing tariffs due to job losses and trade wars.
Ford noted that Trump likely felt displeased after watching the ad.
Tariffs and Economic Pressures
Trump continues using tariffs as leverage in global trade.
His trade war pushed US tariffs to their highest levels since the 1930s.
Consequently, businesses and economists remain concerned about economic impacts.
Canada Responds to US Pressure
Canadian Prime Minister Mark Carney rejected any unfair US market access.
He warned that Canada will resist if trade negotiations fail.
Earlier this year, Trump imposed tariffs on Canadian steel, aluminum, and autos.
In response, Ottawa issued matching tariff measures.
The two nations have discussed possible sector agreements for weeks.
Future of North American Trade
Next year, the US, Canada, and Mexico will review their 2020 free trade agreement.
This review could reshape continental trade relations.
About The Truth International: The Truth International (TTI), headquartered in Islamabad, is a dynamic private organization engaged in research, analysis, and media production. TTI undertakes diverse research projects and operates a comprehensive media network that includes a fortnightly magazine, an interactive news website, an informative YouTube channel, and active social media pages across all major platforms. Stay informed, stay engaged — stay connected with The Truth International.
