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President Donald Trump has announced all trade talks with Canada have been ‘terminated’ after the president saw a Canadian TV advert replaying Ronald Reagan’s criticism of tariffs. The advert, funded by the Canadian provincial government of Ontario, quoted former US President Reagan, who once warned that tariffs “hurt every American.” President Trump hit back on his social media platform Truth Social on Thursday (23 October), branding the advert “FAKE” and “egregious” and announcing that trade talks were “HEREBY TERMINATED.” But the advert is not fake. The ad takes excerpts a 1987 national radio address by Reagan, which focused on foreign trade with Japan as The Independent’s Caspar Barnes investigates. Watch more on Independent TV: https://tinyurl.com/yc7ukx9n The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded. Subscribe: https://bit.ly/Subscribe-to-Independent Find us on social: TikTok / / independent Instagram / / the.independent X (Twitter) / / independent Facebook / / theindependentonline Download the iOS & Android app: https://tinyurl.com/2s3ts5dh Sign up to our newsletters: https://tinyurl.com/2bmw565x Help to support truly independent journalism. Every dollar you contribute will directly fund additional special reports and investigations from a free-thinking, award-winning newsroom you can trust: https://www.independent.co.uk/donations