President Donald Trump announced Thursday that trade negotiations with Canada have ended because of a misleading advertisement in which former President Ronald Reagan spoke out against tariffs.
“The Ronald Reagan Foundation just announced that Canada fraudulently used an ad, which is FAKE, featuring Ronald Reagan speaking negatively about tariffs,” Trump wrote on Truth Social.
“The ad was for $75,000. They only did this to interfere with the decision of the US Supreme Court and other courts,” he continued.
U.S. businesses and consumers bear the bulk of the tariff cost burden, GOLDMAN SACHS notes
President Donald Trump has announced that trade negotiations with Canada have ended. (Anna Moneymaker/Getty Images/Getty Images)
Trump claimed that tariffs are important to the US economy and national security.
“Based on their egregious conduct, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINED,” Trump wrote.
TRUMP ROASTED FOR COFFEE RATES AS SECOND PARTY LAWMAKERS SPILL THE BEANS ON PRICE FORCES
President Donald Trump claimed that tariffs are important to the U.S. economy and national security. (Brendan Smialowski/AFP via Getty Images/Getty Images)
The Ronald Reagan Presidential Foundation and Institute said in a statement that the Ontario government mounted an advertising campaign using “selective audio” of Reagan delivering his “Radio Address to the Nation on Free and Fair Trade” on April 25, 1987.
“The ad misrepresents the presidential radio address, and the Ontario government did not seek or receive permission to use and edit the comments,” the organization said.
The Ronald Reagan Presidential Foundation and Institute said in a statement that the Ontario government has launched an advertising campaign using “selective audio.” (Anna Moneymaker/Getty Images/Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The organization said it is reviewing legal options for the ad.
