Citing the Ronald Reagan Presidential Foundation, Trump said an Ontario Government ad featuring a clip of the former president criticizing tariffs was “FAKE.”

Prime Minister Mark Carney tells reporters on Friday that Canada is prepared to continue trade talks when Trump is ready

The president took to Truth Social to declare that talks with Canada were tabled due to an advertisement featuring President Ronald Reagan.

The ad features audio excerpts from an April 25, 1987, radio address in which Reagan said: 'Over the long run such trade barriers hurt every American worker and consumer.'

President Donald Trump has canceled trade negotiations with Canada over what he called a “fake” ad that featured parts of an anti-tariff speech delivered by conservative hero and former President Ronald Reagan.

Overall, the ad’s message aligns with most of Reagan’s remarks, which, over five minutes, expressed a dim view of tariffs. Reagan said he believed that in the long term, tariffs would lead to trade wars and hurt Americans.