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Investing.com - U.S. President Donald Trump said on Thursday that all trade negotiations with Canada have been terminated, accusing Ottawa of using a “fraudulent” advertisement involving late President Ronald Reagan.
In a post on his social media platform Truth Social, Trump alleged that the Ronald Reagan Foundation had announced Canada used a fake ad featuring Reagan criticizing tariffs.
Trump claimed the ad, which he said "was for" $75 million, was created to “interfere with the decision of the U.S. Supreme Court, and other courts."
“Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED,” Trump wrote, emphasizing that tariffs were vital to U.S. national security and the economy.
The Ronald Reagan Presidential Foundation and Institute said that the ad campaign used selective audio and video of Reagan delivering his "Radio Address to the Nation on Free and Fair Trade," dated April 25, 1987.
The foundation added that it was reviewing its legal options.