Reagan ad sparks US-Canada trade talk collapse.

US President Donald Trump stopped trade negotiations with Canada after an advertisement featuring former President Ronald Reagan discussing tariffs was released. The ad, sponsored by Ontario, used excerpts from Reagan's 1987 address on foreign trade. Trump criticized the ad as "FAKE," while The Ronald Reagan Foundation stated it misrepresented Reagan's speech. Ontario agreed to stop airing the ad to resume trade talks.

The minute-long ad rearranged excerpts from Reagan's original five-minute address but did not change his words. The ad altered the sequence of Reagan's comments, including his views on tariffs and their impact on Americans.

Reagan's 1987 radio speech, "Address to the Nation on Free and Fair Trade," discussed trade disputes with Japan and the negative effects of tariffs. He emphasized the importance of free trade and criticized high tariffs for harming American workers and consumers.

The ad featured Reagan's statements on the consequences of high tariffs and trade wars, as well as the benefits of rejecting protectionist measures and promoting fair competition. Reagan highlighted the economic benefits of free trade and warned against protectionist legislation that could lead to job losses and economic downturns.