V004-EEUU TRUMP ROMPE RELACIONES CON CANADA

STORY: U.S. President Donald Trump said on Thursday (October 23) all trade talks with Canada were terminated following what he called a fraudulent advertisement in which former and late President Ronald Reagan spoke negatively about tariffs.

Trump imposed tariffs on Canadian steel, aluminum and autos earlier this year, prompting Ottawa to respond in kind. The two sides have been in talks for weeks on a potential deal for the steel and aluminum sectors.

"Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED," Trump wrote on Truth Social.

Ontario Premier Doug Ford said earlier this week the ad from his province with anti-tariff messaging had caught Trump's attention. The ad showed Reagan, a Republican, criticizing tariffs on foreign goods while saying they caused job losses and trade wars.

The Ronald Reagan Presidential Foundation issued a statement late on Thursday saying the ad by the government of Ontario was "using selective audio and video" of Reagan and that the foundation was reviewing its legal options.

The Canadian government had no immediate comment. Trump has used tariffs as leverage on many countries around the world. Trump's trade war has increased U.S. tariffs to their highest levels since the 1930s and he has regularly threatened more duties, sparking concerns among businesses and economists.

DESCRIPCIÓN DE IMÁGENES

VIDEO SHOWS: VARIOUS FILE OF U.S. PRESIDENT DONALD TRUMP AND CANADIAN PRIME MINISTER MARK CARNEY MEETING IN OVAL OFFICE/FILE OF CANADA STREET SCENES/FILE OF STEEL COMPANY AND ALUMINUM PLANT

RESENDING WITH COMPLETE SCRIPT

SHOWS: WASHINGTON D.C., UNITED STATES (FILE - MAY 6, 2025)(U.S. NETWORK POOL - No use USA.)

1. U.S. PRESIDENT DONALD TRUMP SEATED WITH CANADIAN PRIME MINISTER MARK CARNEY, IN THE OVAL OFFICE

2. TRUMP SPEAKING

3. TRUMP AND CARNEY SURROUNDED BY CABINET MEMBERS AND MEDIA

TORONTO, ONTARIO, CANADA (FILE - JULY 22, 2025) (REUTERS - Access all)

4. VIEW OF THE CN TOWER IN DOWNTOWN TORONTO

5. VARIOUS OF PEOPLE WAITING FOR TRAM IN DOWNTOWN TORONTO

6. VARIOUS OF SHOPS WITH CANADIAN FLAGS AND SOUVENIRS

KITIMAT, BRITISH COLUMBIA CANADA (FILE) (CBC - No use Canada)

7. VARIOUS INTERIORS OF THE RIO TINTO ALCAN ALUMINUM PLANT

HAMILTON, ONTARIO, CANADA (FILE - JUNE 29, 2018) (CBC - No use Canada)