US President Donald Trump said that all trade talks with Canada have been terminated following what he called a fraudulent television advertisement in which former President Ronald Reagan spoke negatively about tariffs.

“The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs,” Trump wrote on his Truth Social platform late on Thursday.

“The ad was for $75,000. They only did this to interfere with the decision of the U.S. Supreme Court, and other courts,” Trump wrote.

“Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED,” Trump added.

This is a breaking news story. More to follow soon.

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