US President Donald Trump has announced that all trade talks with Canada have been suspended.
“Due to their intolerable behavior, ALL TRADE NEGOTIATIONS WITH CANADA HAVE BEEN TERMINATED,” Trump wrote on his Truth Social media account.
The reason is a “fake” ad that ran in Canada about tariffs imposed by former President Ronald Reagan.
Ontario Premier Doug Ford said earlier this week that the ad about tariffs had caught Trump’s attention. The ad featured Reagan, a Republican, criticizing tariffs on foreign goods, saying they lead to job losses and trade wars.
“I heard the president saw our ad. I’m sure he wasn’t too happy,” Ford said on Tuesday.
Canadian Prime Minister Mark Carney told reporters that Canada will not allow the United States access to its markets if negotiations with Washington on various trade agreements fail.
The United States, Canada, and Mexico are due to renegotiate their 2020 Continental Free Trade Agreement next year.
