President Donald Trump escalated tensions with Canada Thursday evening, announcing he would end trade talks with the U.S.’s northern neighbor after an ad, funded by Ontario’s provincial government, quoted former President Ronald Reagan warning that tariffs “hurt every American.”
In a series of furious posts on Truth Social, the president claimed Canada was “trying to illegally influence the United States Supreme Court in one of the most important rulings in the history of our Country.”
The ad features Reagan negatively speaking about tariffs in a 1987 radio address and warning that they can lead to market collapse and job loss
Despite the quotes being real, though taken somewhat out of context, Trump made the unsubstantiated claim that the ad was “FAKE.”
Less than 24 hours later, Ontario Premier Doug Ford said he would pull the ads that outraged the president starting Monday.
“Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses,” Ford wrote. “We've achieved our goal, having reached U.S. audiences at the highest levels.”
Ford made the decision after speaking with Prime Minister Mark Carney
Key Points
- Ontario premier will pull anti-tariff ads
- Trump v. Canada: How did we get here?
- 'There has been frustration with Canada' Trump adviser says
- Mark Carney says Canada will focus on controlling trade with other countries
- What halted trade talks with Canada could mean for consumers
Trump v. Canada: How did we get here?
14:13
,
Ariana Baio
President Donald Trump said Thursday evening he was cutting off trade negotiations with Canada, the United States’ second-largest trading partner, after the province of Ontario ran an ad featuring former President Ronald Reagan being critical of tariffs.
Trump, who has made tariffs a staple of his second-term economic policy, raged on Truth Social over the ad that “TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY AND ECONOMY.”
The president said the ad was “fake” and was being used to “interfere with the decision of the U.S. Supreme Court,” which will soon determine whether or not Trump’s tariffs are legal.
In the ad, Reagan can be heard saying, “When someone says ‘let's impose tariffs on foreign imports,’ it looks like they’re doing the patriotic thing by protecting American products and jobs.”
“Over the long run, such trade barriers hurt every American worker and consumer. High tariffs ineventiably lead inevitably lead to retaliation by foreign countries and trade wars,” Reagan says before warning that it can lead to market collapse, job loss and other negative economic factors.
Reagan’s quotes, used in Ontario’s ad, were from a 1987 radio address in which he urged Congress not to pursue tariff policies against Japan. Although the quotes were taken out of context, there is no indication that they were doctored.
Doug Ford, the Premier of Ontario, appeared to defend the ad Friday morning, writing, “Canada and the United States are friends, neighbours and allies. President Ronald Reagan knew that we are stronger together.”
“God bless Canada and God bless the United States.”
Premier of British Columbia defends anti-tariff ads: ‘Americans need to hear how tariffs raise prices’
20:35
,
Ariana Baio
David Eby, the premier of the Canadian province of British Columbia, defended the anti-tariff advertisements coming from the U.S.’s northern neighbor, saying they helped Americans understand the impact of tariffs.
“Americans need to hear how tariffs raise prices,” Eby wrote.
“We’re making ads to defend British Columbia and Canada’s forestry workers. Our wood faces higher US tariffs than Russia. Absurd. Truth will win!”
Americans need to hear how tariffs raise prices. We’re making ads to defend British Columbia and Canada’s forestry workers. Our wood faces higher US tariffs than Russia. Absurd. Truth will win!https://t.co/Jaaop8Fq10
— David Eby (@Dave_Eby) October 24, 2025
Watch: Carney says 'we stand ready' to resume trade talks after Trump ends them with Canada over TV ads
20:10
,
Ariana Baio
Ontario premier will pull anti-tariff ads
19:46
,
Ariana Baio
Ontario Premier Doug Ford announced Friday afternoon he would pull the anti-tariff ads from television programs beginning next week, after speaking with Canadian Prime Minister Mark Carney.
“In speaking with Prime Minister Carney, Ontario will pause its U.S. advertising campaign effective Monday so that trade talks can resume,” Ford wrote on X.
The ads will continue to run during the World Series game between the Toronto Blue Jays and Los Angeles Dodgers.
Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses. We've achieved our goal, having reached U.S. audiences at the highest levels. I've directed my team to keep putting our…
— Doug Ford (@fordnation) October 24, 2025
Two high school students detained and ‘assaulted’ by ICE agents after joining protest, officials say
19:45
,
Alex Woodward
At least two high school students were detained during intense clashes between protesters and federal agents in Chicago, where President Donald Trump has surged officers to beat back demonstrations against his anti-immigration agenda.
The students were arrested Thursday after they were “beat up” and “assaulted” by officers at the scene, according to protesters and Chicago officials. One student was released at the scene, and another student was released hours later, they said.
Read more from Alex Woodward:
Pope Leo weighs in on US-Canada trade talks, urges ‘dialogue’
19:10
,
Ariana Baio
Pope Leo, the first American pope, urged Canada and the United States to listen to one another and engage in dialogue after President Donald Trump cut off trade talks with the U.S.’s northern neighbor.
“Canada and the United States… as we are sitting here, are experiencing great difficulties,” Pope Leo said at a meeting at the Vatican Friday.
“Two countries that were once considered the closest allies at times have become separated from one another. It's another proof ... of why synodality, listening, and dialogue are so important and how they have concrete applications in our daily lives,” Pope Leo added.
The pope does not usually comment on international trade matters.
What to know about the Supreme Court tariff case Trump is talking about
18:45
,
Ariana Baio
Trump accused Canada of trying to “interfere” with the upcoming Supreme Court case that will determine whether or not the president’s sweeping reciprocal tariffs can stand – one of the biggest cases of the term that Trump is watching closely.
The case, Learning Resources Inc. v. Trump, will determine whether the president can enact his “liberation day” tariffs via executive order under a 1977 law called the International Emergency Economic Powers Act.
Under the law, the president can regulate international commerce when the U.S. is under “unusual and extraordinary” threat from outside the United States. Trump used the law to justify his “liberation day” tariffs by arguing trade deficits were a threat to national security.
Several small businesses sued, alleging the tariffs would significantly increase their costs and that the president did not have the authority to impose the tariffs because Congress has the power to regulate commerce.
So far, two lower courts have sided with the small businesses.
Trump has pressured the Supreme Court to allow him to impose his tariff policies as justices gear up to hear arguments on November 5.
White House says Trump is addressing ‘unfair trade’ with Canada
18:20
,
Ariana Baio
The White House defended President Donald Trump’s decision to end trade with Canada, saying it’s part of the president’s efforts to make trade with the U.S.’s northern neighbor fairer.
“The Trump Administration has repeatedly sought to address Canada’s longstanding, unfair trade barriers. These good-faith efforts with Canadian officials have not led to any constructive progress,” White House spokesperson Kush Desai, said in a statement obtained by the New York Times
Desai also reiterated Trump’s claim about the video featuring former President Ronald Reagan, saying it was “misleadingly edited.”
Chuck Schumer rebukes Trump’s tariffs: ‘The madness must stop’
18:00
,
Ariana Baio
Senate Majority Leader Chuck Schumer condemned President Donald Trump for ending trade talks with Canada over the anti-tariff ads, calling on him to end “the madness.”
“Americans cannot afford Donald Trump’s price-spiking tariff temper tantrums. These constant tantrums end up costing Americans real money,” Schumer said in a statement to The Hill.
“The madness must stop,” he said. “Refusing to negotiate with Canada to alleviate the tariffs will ensure that Americans continue to pay an average of $1,300 due to higher prices on everything from lumber to beef.”
Schumer said he would move to force a vote next week that would “reverse” Trump’s “damaging tariffs on Canada and other countries.”
Trump says Canada's Ronald Reagan ad is fake. Is it?
17:30
,
Ariana Baio
President Donald Trump is asserting that Canada “fraudulently” used a speech by President Ronald Reagan to launch a negative ad about tariffs – but the talking points from Reagan are real.
“CANADA CHEATED AND GOT CAUGHT!!!” Trump raged on Truth Social Thursday evening. “They fraudulently took a big buy ad saying that Ronald Reagan did not like Tariffs, when actually he LOVED TARIFFS FOR OUR COUNTRY, AND ITS NATIONAL SECURITY.”
The ad features direct quotes from Reagan’s 1987 radio address and while it is not “fake” it is edited.
The Ronald Reagan Presidential Foundation & Institute also said the ad misrepresented Reagan’s speech.
Reagan had used the radio speech to explain his decision to place higher tariffs on Japanese products, though he expressed negative overall views of tariffs. Those tariffs at the time were a form of retaliation against Japan for a dispute over semiconductors.
Reagan said that although he was placing the tariffs on Japan, long-term, tariffs “hurt every American worker and consumer.”
“High tariffs inevitably lead to retaliation by foreign countries and trade wars,” Reagan says before warning that it can lead to market collapse, job loss and other negative economic factors.
If Trump’s East Wing demolition shocks you, check out what he did to priceless works meant for the Metropolitan Museum of Art
17:15
,
Isabel Keane
President Donald Trump’s demolition of the White House’s East Wing is deeply unpopular with many Americans— but it isn’t the first time the former real estate mogul has bulldozed a historic site to make way for new construction.
The president’s decision to knock down the storied East Wing to build a massive, $250 million ballroom comes decades after he made an enemy out of New York City’s Metropolitan Museum of Art during one of his earliest developments.
Read more here:
Trump economic guru offers blunt advice to federal workers going without paychecks during government shutdown
17:00
,
Andrew Feinberg
One of President Donald Trump’s top economic advisers on Friday urged federal workers who will be missing a paycheck due to the ongoing government shutdown to ask their superiors for guidance on how to access loans and other aid he claimed is available to them.
National Economic Council director Kevin Hassett told reporters at the White House that he and other administration officials “really feel for” the 750,000 federal civil servants who aren’t getting paid.
“We would urge people to call their supervisors, because there are things that are available, like credit loans at zero interest for people that are in the situation,” Hassett said.
He claimed the ongoing shutdown situation is “not really acceptable to us” and blamed Senate Democrats — who do not hold a majority in the upper chamber — for refusing to vote for a GOP-authored stopgap bill to fund the government through mid-November.
Pete Hegseth unleashes a new ‘lethal kinetic strike’ on boat in Caribbean
16:30
,
Andrew Feinberg
U.S. military forces have struck another alleged drug smuggling boat in the Caribbean, destroying the vessel and killing all six aboard.
Secretary of War Pete Hegseth announced the move in a social media post claiming his department had carried out what he called a “lethal kinetic strike” on the vessel.
Andrew Feinberg reports:
Letitia James pleads not guilty to fraud charges after Trump pushed for case against longtime foe
16:04
,
Alex Woodward
Letitia James pleaded not guilty to fraud charges during a brief appearance inside a federal courthouse in Virginia, where an inexperienced former personal attorney to Donald Trump has launched a criminal prosecution of New York’s Democratic attorney general after the president demanded it.
A two-count indictment accuses James of bank fraud and making false statements in connection with a loan for a property she purchased in 2020.
“Not guilty to both counts,” she told the judge Friday.
What halted trade talks with Canada could mean for consumers
15:48
,
Ariana Baio
Trump’s decision to cancel trade talks with Canada, the U.S.’s second-largest trading partner, means that the president’s current sector tariffs on aluminum, steel, lumber and others will remain as they are, increasing costs and further disrupting the supply chain.
Home building materials, vehicle parts and appliances are just some of the items affected by the current tariffs and will likely stay more expensive for some time.
Canada removed its retaliatory tariffs on the U.S. in September, but it could reimpose them to put pressure on the president to open up trade talks. So far, Canada has not made any move in response to Trump.
Companies passed 37% of tariff costs on to consumers – and that figure is set to jump
15:45
,
Mike Bedigan
Companies have so far passed almost 40 percent of Donald Trump’s foreign import tariffs onto consumers, though that figure may still increase further.
Even large manufacturers who have been able to absorb many of the costs of the international levies have warned that should the situation continue, or even worsen, they will be forced to hike up prices.
Since Trump’s announcement of sweeping global tariffs in April, companies have passed about 37 percent on to consumers, 9 percent onto their suppliers and absorbed 51 percent through August, according to research by Goldman Sachs.
So far the tangible effects on consumers’ wallets have been limited, though sectors including the auto industry have warned that they cannot hold out forever, continuing to shield their customers from further price increases.
Inflation jumps 3 percent in September as Trump defends his new tariff war with Canada
15:25
,
Eric Garcia
Inflation ticked up 0.3 percent in the month and 3 percent year over year in the past 12 months as President Donald Trump defended his tariffs against Canada.
The Bureau of Labor Statistics released the Consumer Price Index report that tracks inflation.
The report had been delayed due to the government shutdown that began this month.
Read more from Eric Garcia:
'We cannot control the trade policies of the US' Canadian Prime Minister says
15:24
,
Ariana Baio
Canadian Prime Minister Mark Carney remained steadfast in pursuing a healthy economic relationship with the United States despite President Donald Trump’s recent outburst on Truth Social.
Appearing in front of reporters before departing for the Southeast Asian summit, Carney said “we cannot control the trade policies of the United States.”
“What we can control is developing new partnerships and opportunities, including with the economic giants of Asia,” Carney added.
The prime minister said Canada would be ready to re-open negotiations whenever the U.S. chooses to return to the negotiation table.
Kevin Hassett defends Trump’s outrage at Canada
15:05
,
Ariana Baio
Kevin Hassett, the Director of the National Economic Council, defended Trump’s outrage at Canada over the ad featuring former President Ronald Reagan.
“The president, I’m sure, has his reasons,” Hassett told Fox Business Friday morning.
“Right now, I think there has been frustration with the behavior of the Canadians, the demeanor of the Canadians, the positions of the Canadians, so it’s probably a good time to take a break for a while,” Hassett added.
I would guess that at some point between now and the end of his term, he’ll talk to Canada again.”
Six more people killed in boat strike, Hegseth says
14:32
,
Ariana Baio
The United States carried out another strike against a vessel accused of carrying narcotics in the Caribbean, killing six people, Defense Secretary Pete Hegseth said Friday morning.
Such as with past strikes, Hegseth said the vessel was “known by [U.S.] intelligence” to be smuggling narcotics, but did not provide any evidence.
Hegseth said six men were aboard and killed in the strike which was conducted in international waters.
“If you are a narco-terrorist smuggling drugs in our hemisphere, we will treat you like we treat Al-Qaeda. Day or NIGHT, we will map your networks, track your people, hunt you down, and kill you,” Hegseth wrote on X.
Overnight, at the direction of President Trump, the Department of War carried out a lethal kinetic strike on a vessel operated by Tren de Aragua (TdA), a Designated Terrorist Organization (DTO), trafficking narcotics in the Caribbean Sea.
— Secretary of War Pete Hegseth (@SecWar) October 24, 2025
The vessel was known by our… pic.twitter.com/lVlw0FLBv4
Gasoline prices increase, Consumer Price Index says
14:00
,
Ariana Baio
Gasoline prices rose 4.1 percent in September, according to the Consumer Price Index – the largest contributing factor to the overall increase in energy prices.
While gasoline prices rose last month, they remain lower than prices compared to one year ago.
President Donald Trump has often claimed that gasoline prices have remained low during his first term.
Inflation rises 3% but slows in September, underperforming expectations
13:46
,
Ariana Baio
Inflation has risen 3 percent since last year, with a 0.3 percent increase in September, according to the Consumer Price Index numbers released Friday – signaling inflation is rising but more slowly than forecasters previously predicted.
The September number shows that inflation decelerated to 0.3 percent – economists had predicted it would remain at 0.4 percent.
The CPI, which was released slightly delayed due to the government shutdown, comes as the Federal Reserve anticipates cutting interest rates next week.
Trump halts trade talks ahead of Southeast Asian summit
13:26
,
Ariana Baio
The president’s decision to cut off trade talks with Canada arrives just as he prepares to leave for Malaysia for the Southeast Asian leaders’ summit, which Canadian Prime Minister Mark Carney is also expected to attend.
It’s unclear if Carney and Trump are going to meet while there.
Marco Rubio confirms that trade talks with Canada have been called off
13:09
,
Owen Scott
Speaking at a Civil-Military coordination center in Southern Israel, Secretary of State Marco Rubio confirmed that trade talks with Canada have been cancelled.
“I think what happened is that one of the leaders in Canada was running ads about the United States on tariffs that took President Reagan’s words out of context,” he said.
“Even the Reagan Foundation criticized them for it, but I have not spoken - I’ve been travelling since yesterday - I have not spoken to the Foreign Minister since then.
“I mean, the President made his announcement that he has suspended any trade talks with Canada from now on.
Trump's furious posts continue to come through on Truth Social
12:55
,
Owen Scott
Donald Trump has continued to rage on Truth Social about critics of his controversial tariff policies.
In one furious post, he said that the “STOCK MARKET IS STRONGER THAN EVER” because of tariffs.
In another, he claimed that his policies are making America “wealthy” and “nationally secure again.”
“THE UNITED STATES IS WEALTHY, POWERFUL, AND NATIONALLY SECURE AGAIN, ALL BECAUSE OF TARIFFS!” he posted. “THE MOST IMPORTANT CASE EVER IS IN THE UNITED STATES SUPREME COURT.
“GOD BLESS AMERICA!!!”
Trump says that Reagan 'LOVED' tariffs and that Canada 'CHEATED AND GOT CAUGHT'
12:46
,
Owen Scott
Trump has hit out at Canada once again on Truth Social, claiming that Canada ‘cheated and got caught’ over the Ronald Reagan advert.
“They fraudulently took a big buy ad saying that Ronald Reagan did not like Tariffs, when actually he LOVED TARIFFS FOR OUR COUNTRY, AND ITS NATIONAL SECURITY,” the president raged. “Canada is trying to illegally influence the United States Supreme Court in one of the most important rulings in the history of our Country.”
In the furious post, he went on to claim that Canada was exposed for “fraud” by the Ronald Reagan Foundation and that Canada charges U.S. farmers 400 percent on tariffs.
Lawmakers hold their breath as they prepare for Consumer Price Index
12:43
,
Owen Scott
Republicans on Capitol Hill are holding their breath as the Bureau of Labor Statistics gears up to release the Consumer Price Index.
The data has been long-awaited, as it will provide a measure for how successful Donald Trump’s tariff policies have been and will reveal how much inflation has risen or fallen in America.
The result will be revealed at 8.30am today. It is several weeks late because of the government shutdown causing many federal departments to pause their work.
Trump pardons crypto billionaire accused of money laundering
12:38
,
Owen Scott
Yesterday, Donald Trump used his presidential pardon yet again. This time, he pardoned Changpeng Zhao, founder of the cryptocurrency exchange Binance.
Zhao’s company played a key role in creating World Liberty Financial, a cryptocurrency which the Trump family controls with a majority stake. It is also backed by the U.S. Dollar.
Trump has claimed that Zhao was “persecuted” by Joe Biden’s administration.
Zhao was accused of allowing massive sums of money to be laundered through his company and was jailed in 2024 for four months as part of a plea deal.
It is alleged that the money laundered on Zhao’s platform was connected to child sex abuse, drug trafficking and terrorism.
Meanwhile, Karoline Leavitt, the White House press secretary, has claimed that Biden wanted to “punish the cryptocurrency industry."
Trump backs down on plans to deploy federal agents in San Francisco
12:22
,
Owen Scott
Donald Trump has backed down on plans to unleash 100 Customs and Border Protection officers and other federal agents in Alameda, a city in the East Bay.
The president was planning to send troops into the Bay Area as part of his hardline immigration crackdown.
Now, the city’s mayor Daniel Lurie says that the president is changing his plans.
“In that conversation, the president told me clearly that he was calling off any plans for a federal deployment in San Francisco,” Lurie said in a statement. “Kristi Noem, the homeland security secretary, reaffirmed that direction in our conversation this morning.”
Trump seemingly confirmed the news on Truth Social.
“I spoke to Mayor Lurie last night and he asked, very nicely, that I give him a chance to see if he can turn it around,” the president wrote.
Carney says that Trump is 'afraid' to agree on a 'bet' with him
12:08
,
Owen Scott
Mark Carney has taken a swipe at Trump over the World Series which kicks off today.
Speaking at a Blue Jays practice match in Toronto, the Prime Minister said that the U.S. president has yet to return his offer of a bet on who they think will win.
“I think he’s afraid to make a bet,” Carney said. “He hasn’t returned my call yet on the bet. I’m ready. We’re ready to make a bet with the U.S.”
Trump threatens to kill drug traffickers heading to America
12:00
,
Owen Scott
Revealed: Donors for Trump's $300 million ballroom
11:55
,
Owen Scott
The full list of donors to President Donald Trump’s $300 million ballroom at the White House has been revealed, with many of America’s Big Tech companies chipping in.
Amazon, Apple, Google, HP, and Microsoft are all on the list, along with Palantir, T-Mobile and Lockheed Martin.
“For 150 years-plus they’ve wanted to have a ballroom and it never happened because they’ve never had a real estate person,” Trump said at a fundraising dinner for the ballroom.
Demolition work on the East Wing, where the ballroom will eventually be situated, began on Monday.
Trump’s decision to flatten the East Wing has been widely condemned, with Hillary Clinton saying that he is “destroying” the White House.
Trump signs rare earth deal with Australia amid trade war with China
11:42
,
Owen Scott
America and Australia have signed a deal worth $8.5 billion as part of Trump’s bid to secure access to Australia’s rare earth minerals.
The deal, which has been rubber-stamped by Australian Prime Minister Anthony Albanese on Tuesday, comes as China restricts access to its own vast stores of rare earth minerals.
“Australia is really, really going to be helpful in the effort to take the global economy and make it less risky, less exposed to the kind of rare earth extortion that we’re seeing from the Chinese,” Kevin Hassett, the director of the White House’s National Economic Council, told reporters.
The minerals are used in a range of technological devices and play an important role in smartphones, wind turbines and defence systems.
Carney visits China after trade dispute with America
11:30
,
Owen Scott
A day after trade talks with America collapsed, Canadian PM Mark Carney jetted to China for his first official visit to Asia.
His officials have floated the idea that Carney could meet Chinese President Xi Jinping in an effort to ease relations between both countries.
Although the meeting has yet to be confirmed, Canadian officials are hoping to meet with the Chinese president on either October 31 or November 1.
Vina Nadjibulla, the vice-president of Asia Pacific Foundation of Canada, told CBC that Canada is trying to stay out of America’s trade war with Asia’s biggest economy.
“They're trying to not get caught between U.S. and China, [who are] kind of the two giants that are now engaged in strategic competition,” Nadjibulla said.
Steve Bannon says that 'there is a plan' for Trump to stay in office after 2028
11:29
,
Owen Scott
Trump's Secretary of State visits Israel after Knesset votes on annexing the West Bank
11:19
,
Owen Scott
Israeli Prime Minister Benjamin Netanyahu has ordered the Israeli parliament, the Knesset, to halt a bill related to annexing the West Bank.
The Israeli parliament approved the bill on Wednesday, as it seeks to tighten its hold on the West Bank.
JD Vance branded the proposal an “insult” to the Gaza ceasefire, with Secretary of State Marco Rubio jetting to Israel shortly after.
Rubio was spotted today in the Civil-Military Coordination Center in Southern Israel.
Meanwhile, Trump has claimed that Israel is "not going to do anything with the West Bank."
Ontario was hit particularly hard by Trump's tariffs
11:14
,
Owen Scott
Ontario is the economic heart of Canada and is home to both the nation’s capital, Ottawa, and its largest city, Toronto.
However, Trump’s crackdown on Canadian steel and aluminium has hit the province hard. His current steel tariffs stand at 35 percent.
Ottowa pledged $400 million CAD to Algoma Steel, one of the country’s biggest steel companies, to keep the company afloat amid rising competition from China.
Meanwhile, steel manufacturers are also looking to make production more sustainable by switching to electric furnaces.
Ontario denies using the Reagan clip illegally
11:08
,
Owen Scott
A spokesperson from Doug Ford’s Ontario government said that the Reagan clip was not used illegally.
"The commercial uses an unedited excerpt from one of President Reagan’s public addresses, which is available through public domain," a spokesperson from Ford’s government told CBC News.
Trump and Carney were heard joking in Israel about the U.S. president getting his counterpart's title wrong
10:50
,
Owen Scott
Jackie Kennedy's grandson blasts Trump's White House rennovations
10:40
,
Owen Scott
