Hey fam! Big news: U.S. President Donald Trump has officially called off all trade talks with Canada after spotting a funky Ontario ad featuring former President Ronald Reagan 😲📺. Here’s the lowdown.
Earlier this year, Trump slapped tariffs—think extra taxes—on Canadian steel, aluminum and autos. Ottawa hit back with its own duties, and both sides have been scrambling for weeks to strike a deal. Now, it’s off the table.
He blasted on Truth Social that 'ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED' 🛑.
Ontario Premier Doug Ford admits the anti-tariff ad caught Trump’s eye. It spliced Reagan quotes warning that tariffs can lead to job losses and trade wars 🔄. But the Ronald Reagan Presidential Foundation fired back, saying Ontario didn’t get permission to edit his 1987 radio address. Legal sparks are flying ⚖️.
Canada’s leaders warn they won’t give unfair market access if talks collapse. Next up is the 2020 review of the US-Mexico-Canada free trade pact—aka NAFTA 2.0—so stay tuned 👀.
Why should you care? Tariffs aren’t just political buzzwords. They can drive up prices on everything from smartphones to cars, impacting budgets across South Asia and Southeast Asia 💸📱. In our hyper-connected world, what happens in North America can land in your shopping cart 🛒.
Bottom line: Trade wars aren’t over yet. Keep an eye on Washington and Ottawa for the next moves in this high-stakes game of global economics 🌐.
Reference(s):
cgtn.com
