Donald Trump Says He's Terminating Canada Trade Negotiations

President Donald Trump says he has "terminated" trade negotiations with Canada because of what he described as a fraudulent ad including former President Ronald Reagan speaking negatively about tariffs.

Newsweek contacted the Canadian foreign ministry for comment via email after office hours.

Why It Matters
An abrupt termination of trade negotiations between the U.S. and Canada would mark a significant escalation in economic tensions between the two longtime allies and trading partners.