Overview
- President Donald Trump declared all trade negotiations with Canada terminated and announced an additional 10% tariff after the Ontario-funded ad aired during the World Series.
- Ontario said the U.S.-targeted spot using edited 1987 Ronald Reagan remarks would be pulled after the weekend, as Premier Doug Ford defended it as effective and mission accomplished.
- The Ronald Reagan Presidential Foundation said the ad misrepresented Reagan’s address, stated no permission was granted, and confirmed it is reviewing legal options.
- Details on when and how the new tariff will be applied remain unclear, with Trump saying Canada will be notified and signaling no near-term meeting with Prime Minister Mark Carney.
- U.S. Treasury Secretary Scott Bessent called the ad propaganda and interference, and the standoff unfolds ahead of the Supreme Court’s imminent review of presidential tariff powers.