Trump Cancels Canada Talks Over Fake Reagan Rant, Because Why Not

In the latest episode of 'Trade Talks: The Never-Ending Soap Opera,' President Trump boldly announces he's scrapping negotiations with Canada after spotting a 'fraudulent' TV ad where Ronald Reagan—yes, the guy gone since 2004—allegedly badmouths tariffs. Posting this hot take on Truth Social on a Thursday night (because timing is everything), Trump claimed the ad was designed to meddle with upcoming Supreme Court battle over his precious tariffs. He declared tariffs 'VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.' before unceremoniously ending talks with Canada, whose PM Mark "not Trudeau" Carney recently warned America that NAFTA nostalgia is now a vulnerability. In case you wondered, Reagan's foundation and Carney’s office reportedly ghosted Axios' comment requests. The drama keeps Canada planning to double exports outside the U.S. in a desperate bid to escape tariff chaos—because nothing screams economic growth like dodging your biggest neighbor's tantrums.

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Source: Axios | Published: 10/24/2025 | Author: Rebecca Falconer