The U.S. President announced the termination of all trade negotiations with Canada. This decision was conveyed via a social media post, attributing the action to Canada's "egregious behavior" related to an advertisement. The advertisement, produced by the government of Ontario, Canada, featured Ronald Reagan speaking critically about tariffs. The President alleged that this ad was "FAKE" and misrepresented a Presidential Radio Address.
In the context of ongoing trade discussions, Canadian Prime Minister Mark Carney had not directly challenged the U.S. President's tariffs but previously indicated that the "old relationship" between Canada and the United States was over. Carney has also articulated a strategic objective for Canada to double its exports to non-U.S. destinations within the next decade. This development signifies an intensified stance by the U.S. President toward Canada, a key bilateral trade partner.
Source: https://www.nytimes.com/live/2025/10/24/us/trump-canada-news