Brief by Shorts91 Newsdesk / 06:57pm on 24 Oct 2025,Friday Business
Canadian Prime Minister Mark Carney stated Canada will resume US trade talks "when Americans are ready" after President Trump abruptly terminated negotiations over Ontario's Reagan-themed anti-tariff advertisement. The ad quoted former President Reagan saying tariffs "hurt every American," prompting Trump to call it "FAKE" and "egregious" on social media. Trump imposed 35% levies on Canadian imports, with sector-specific tariffs including 50% on metals and 25% on automobiles. Three-quarters of Canadian exports go to the US, making its economy vulnerable. The Ronald Reagan Foundation criticized the ad's "selective" editing and is reviewing legal options. Ontario Premier Doug Ford, who commissioned the $75 million campaign, remains vocally critical of Trump's policies affecting Canada's largest provincial economy.
