U.S. President Donald Trump has abruptly canceled all ongoing and future trade talks with Canada, citing a recent advertisement that featured former President Ronald Reagan criticizing tariffs. Trump announced the decision on Truth Social, calling Canada’s actions “disgraceful.” The move marks a sharp escalation in tensions between the two nations, which are major trading partners. During his previous term, Trump had imposed a 35% tariff on Canadian imports, with exemptions for products under the USMCA—his landmark free trade deal with Mexico and Canada. He also levied 50% tariffs on metals and 25% on automobiles imported from Canada. This latest decision threatens to destabilize North American trade relations and could have significant economic repercussions for both sides if maintained in the long term.
U.S. President Donald Trump has announced the immediate cancellation of all trade discussions with Canada. He made the announcement on his social media platform, Truth Social, according to a report by the BBC.
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