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The
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as North
America's
busiest
trade
crossing,
with
more
than
$140
billion
in goods
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US
President
Donald
Trump
meets
Canadian
Prime
Minister
Mark
Carney.
© Jim
Watson,
AFP |
| |
Trump
Terminates
U.S.-Canada
Trade
Talks
Over
Reagan
Ad
Patricia
Romero -
International
Tell Us
USA News
Network
WASHINGTON
-
President
Donald
Trump
declared
late
Thursday
that he
was
ending
all
trade
negotiations
with
Canada
after
the
government
of
Ontario
released
an
advertisement
featuring
audio
from
former
President
Ronald
Reagan
criticizing
tariffs.
The
advertisement,
which
aired
last
week,
included
excerpts
from
Reagan's
1987
speech
in which
he
warned
that
tariffs
hurt
"every
American
worker
and
consumer"
and
could
trigger
"fierce
trade
wars".
Ontario
Premier
Doug
Ford
announced
earlier
this
month
that his
province
would
spend 75
million
Canadian
dollars
on
anti-tariff
advertisements
targeting
U.S.
audiences.
In a
series
of posts
on Truth
Social,
Trump
accused
Canada
of fraud
and
claimed
the
advertisement
was an
attempt
to
influence
the U.S.
Supreme
Court.
"TARIFFS
ARE VERY
IMPORTANT
TO THE
NATIONAL
SECURITY,
AND
ECONOMY,
OF THE
U.S.A.
Based on
their
egregious
behavior,
ALL
TRADE
NEGOTIATIONS
WITH
CANADA
ARE
HEREBY
TERMINATED,"
Trump
wrote.
The
Ronald
Reagan
Foundation
criticized
the
advertisement,
stating
it
"misrepresents"
Reagan's
speech
and that
Ontario
had not
requested
permission
to use
the
edited
clip.
However,
the full
five-minute
speech,
available
on the
Reagan
Library's
YouTube
channel,
demonstrates
Reagan's
strong
support
for free
and fair
trade.
The
abrupt
announcement
reverses
what
appeared
to be
improving
relations
between
the two
nations.
Earlier
this
month,
Canadian
Prime
Minister
Mark
Carney
met with
Trump at
the Oval
Office,
where
Trump
praised
him as a
"world-class
leader"
and
Canadian
trade
officials
left
with
instructions
to
"quickly
land
deals"
on
steel,
aluminum
and
energy.
More
than
three-quarters
of
Canadian
exports
go to
the
United
States,
and
nearly
$3.6
billion
Canadian
worth of
goods
and
services
cross
the
border
daily.
Trump
initially
imposed
a 25
percent
tariff
on most
Canadian
goods in
January,
then
raised
it to 35
percent
in
August,
alleging
Canada
wasn't
doing
enough
to stop
the flow
of
fentanyl
into the
U.S.
This
marks at
least
the
second
time
Trump
has
threatened
to
terminate
trade
talks
with
Canada,
having
previously
done so
in June
over
Canada's
Digital
Services
Tax on
U.S.
tech
companies.
The
timing
of
Trump's
announcement
comes as
the
Supreme
Court
prepares
to hear
arguments
next
month on
a legal
challenge
to his
use of
emergency
powers
to
impose
broad
tariffs.
Canadian
officials
have not
yet
officially
responded
to
Trump's
declaration.
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