Trump announces that all trade negotiations with Canada are finished • Economy and finance • Forbes Mexico

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US President Donald Trump said all trade talks with Canada were ended, following what he called a fraudulent ad in which former President Ronald Reagan spoke negatively about tariffs.

“Due to his atrocious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE TERMINATED,” Trump wrote on Truth Social.

Ontario Premier Doug Ford said earlier this week that the anti-tariff ad had caught Trump’s attention.

The ad showed Republican Reagan criticizing tariffs on foreign goods, saying they caused job losses and trade wars.

“I heard the president heard our announcement. I’m sure he wasn’t very happy,” Ford said Tuesday.

Read: Marcelo Ebrard says that Mexico must have a ‘cohesive position’ in reviewing the USMCA

Trump has used tariffs as a pressure tool on many countries around the world.

His trade war has raised U.S. tariffs to their highest levels since the 1930s and he has regularly threatened more tariffs, raising concerns among businesses and economists.

Canadian Prime Minister Mark Carney told reporters on Thursday that Canada will not allow unfair access by the United States to its markets if negotiations on several trade agreements with Washington fail.

Trump imposed tariffs on Canadian steel, aluminum and cars earlier this year, prompting a similar response from Ottawa.

Both parties have been negotiating a possible agreement for the steel and aluminum sectors for weeks.

Next year, the United States, Canada and Mexico will review their 2020 continental free trade agreement.

With information from Reuters

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