U.S. Suspends Trade Talks Over Ontario Reagan Ad

U.S. President Donald Trump abruptly halted and "terminated" trade negotiations with Canada after an Ontario government ad used spliced excerpts of former President Ronald Reagan’s 1987 remarks to criticize tariffs, prompting Trump to call the spot "fraudulent" and "FAKE." The Ronald Reagan Presidential Foundation said the Ontario government did not seek permission to use or edit Reagan’s remarks and called the video misleading. Ontario Premier Doug Ford said the ads would run through the World Series weekend but would be paused on Monday to allow talks to resume, and U.S. officials confirmed the suspension of negotiations. Canadian officials said they had made progress on sectoral talks including steel, aluminum and energy and that Ottawa "stands ready" to resume negotiations when the U.S. is prepared, while markets reacted and the Canadian dollar slipped. The dispute has injected new uncertainty into the $900 billion-plus U.S.-Canada trading relationship amid months of U.S. tariffs that have reached as high as 35%.