📰 In a dramatic twist worthy of a reality TV finale, U.S. President Donald Trump announced on Truth Social that ALL trade negotiations with Canada are officially terminated. 🤯 Why? Blame Ontario’s cheeky ad featuring Ronald Reagan skewering tariffs!
Earlier this year, Trump slapped hefty duties on Canadian steel, aluminum and even autos, triggering tit-for-tat tariffs from Ottawa. For weeks, both sides huddled in talks hoping to hammer out a deal. But a recent ad by Ontario Premier Doug Ford changed the game.
The ad splices footage of former President Reagan warning that tariffs on foreign goods lead to job losses and trade wars—an irony not lost on Trudeau’s neighbors to the south. Ford joked that he heard the president heard their ad and probably wasn’t too happy.
Truth Social lit up with Trump’s all-caps declaration: Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED. 💥
Not everyone’s laughing, though. The Ronald Reagan Presidential Foundation fired back, saying the Ontario government misrepresents Reagan’s 1987 radio address by editing audio and video without permission. Now, the foundation is exploring legal options.
On the global stage, this latest flare-up adds fuel to concerns about Trump’s trade war, which has pushed U.S. tariffs to levels not seen since the 1930s. Businesses and economists have warned that higher duties could disrupt supply chains, hike prices and unsettle markets.
Meanwhile, Canadian Prime Minister Mark Carney made it clear Ottawa won’t allow unfair U.S. access if talks fail. And with the 2020 continental free-trade agreement between the U.S., Canada and Mexico up for review next year, investors and entrepreneurs are on high alert. 🌎💼
Whether you’re a trade enthusiast tracking global deals, a student researching economic trends, or an explorer planning your next road trip across the northern border, this drama reminds us how quickly geopolitics can shift the rules of the game. Stay tuned—this saga is far from over! 🙌
Reference(s):
cgtn.com
