huffingtonpost - 5 days ago

Donald Trump and Canadian PM Mark Carney in the Oval Office earlier this month.Donald Trump has called off trade talks with Canada over a controversial advert featuring Ronald Reagan.The US president declared that the negotiations had been “terminated” in yet another online meltdown.Trump took exception to an anti-tariff ad by the government of Ontario featuring an excerpt from a 1987 radio address by Reagan describing the downsides of the levies.In it, the former Republican president says: “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.”In the broader speech, however, Reagan also explains why he imposed targeted tariffs on Japanese electronics and his case for utilising them sparingly to address a trade dispute.In a statement on X, the Reagan Presidential Foundation said that the ad “misrepresents” the late president’s radio address and that the government of Ontario didn’t have permission to “use and edit the remarks”.On Thursday night, Trump denounced the ad on his Truth Social account and said he would be retaliating against Canada as a whole.He 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.“Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.”Canada and the America have been in the middle of ongoing trade talks as Candian prime minister Mark Carney seeks to push back on higher tariffs that went into effect on its exports to the US in August.Related...These MAGA Voters Are Getting Hit Hardest By Trump Policies — And They re Upset Countries Brace For Impact As Trump s Tariffs Officially Go Into EffectDonald Trump Reveals The Reason Why The UK Is Very Well Protected From His Tariffs

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