'FAKE': Trump pulls plug on trade negotiations with Canada over ad featuring Ronald Reagan

 October 24, 2025

This story was originally published by the WND News Center.

President Trump has pulled the plug on trade negotiations with Canada, where the economy relies in significant ways on the United States, over what he has called a "FAKE" ad that appears to be trying to influence the U.S. Supreme Court's looming decision on tariffs.

Further, the ad may actually misrepresent President Ronald Reagan, whose words it uses.

The bigger picture is Trump's use of tariffs to bring about fair trade agreements for American manufacturers, consumers and economy with foreign nations that long have taken advantage of unbalanced practices.

The Supreme Court right now is considering the status of those tariffs.

Canada, of course, has a significant interest in making them go away. And Ontario Premier Doug Ford, who repeatedly has opposed Trump's economic agenda, revealed he was pushing an ad campaign weeks ago.

Now it's out:

It claims, through Reagan's words, edited for the ad, "High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. Then the worst happens. Markets shrink and collapse, businesses and industries shut down and millions of people lose their jobs."

He was, in 1987, addressing trade with Japan.

Now Trump has responded to the ad.

"The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs. The ad was for $75,000,000. They only did this to interfere with the decision of the U.S. Supreme Court, and other courts. 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 HERBY TERMINATED. Thank you for your attention to this matter! President DJT."

The Hill explained "Trump in August announced a 35 percent tariff on all Canadian goods, though products covered under the 2020 U.S.-Mexico-Canada trade agreement were exempt. Canada is one of the United States' top trading partners, and their economies are heavily intertwined when it comes to certain products. But Trump has repeatedly argued the U.S. does not need Canadian goods, and that Canada is far more reliant on America for its economy."

In fact, the Reagan Foundation confirmed the ad manipulated Reagan's words, and it announced it was reviewing its legal options"

Here are those remarks, without the political spin from Canada.

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