Carney: Canada is ready to pick up trade talks when US is ready

The US president says he is axing negotiations over an advert that used Ronald Reagan speaking negatively about tariffs.

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His remarks come after US President Donald Trump announced an immediate end to all trade negotiations with Canada over an advert critical of the tariffs he has imposed on the nation.

The advert, sponsored by the Canadian province of Ontario, quotes former US President Ronald Reagan, a Republican and icon of US conservatism, saying tariffs "hurt every American".

Trump wrote on social media that the advert was "FAKE" and "egregious", adding that trade talks were "HEREBY TERMINATED".

The Trump administration has imposed a 35% levy on many Canadian imports, as well as individual tariffs targeting particular industries like car and steel manufacturing. Ontario has been particularly hard-hit by these.