{"id":55428,"date":"2025-11-01T15:38:25","date_gmt":"2025-11-01T19:38:25","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/carney-apologizes-to-trump-over-reagan-anti-tariff-ad-trade-talks-halted\/55428\/"},"modified":"2025-11-01T15:38:25","modified_gmt":"2025-11-01T19:38:25","slug":"carney-apologizes-to-trump-over-reagan-anti-tariff-ad-trade-talks-halted","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/carney-apologizes-to-trump-over-reagan-anti-tariff-ad-trade-talks-halted\/55428\/","title":{"rendered":"Carney Apologizes to Trump Over Reagan Anti-Tariff Ad, Trade Talks Halted"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Canadian Prime Minister Mark Carney<\/strong> issued an apology to <strong>U.S. President Donald Trump<\/strong> following a controversial anti-tariff advertisement that aired in the United States.<\/li>\n<li>The ad, funded by the <strong>Ontario government<\/strong> and featuring former President <strong>Ronald Reagan<\/strong> criticizing tariffs, prompted President Trump to halt ongoing trade talks with Canada and announce an <strong>additional 10% tariff<\/strong> on Canadian imports.<\/li>\n<li>Carney confirmed he had reviewed the advertisement with <strong>Ontario Premier Doug Ford<\/strong> prior to its broadcast but had expressed his opposition to running it.<\/li>\n<\/ul>\n<p>Canadian Prime Minister Mark Carney confirmed Saturday that he apologized to U.S. President Donald Trump over a contentious anti-tariff advertisement, a move that has further strained relations and led to a halt in trade negotiations between the two nations. The apology was made privately during a dinner earlier in the week at an Asia-Pacific summit in South Korea.<\/p>\n<p>The advertisement, paid for by the Ontario government, featured excerpts from a 1987 radio address by former President Ronald Reagan, in which he criticized tariffs, stating they &quot;hurt every American worker and consumer&quot; and could trigger &quot;fierce trade wars.&quot; While the address was edited, there was no indication the excerpts were altered or taken out of context.<\/p>\n<p>President Trump, who had previously called the ad &quot;fake&quot; and a &quot;serious misrepresentation of the facts,&quot; responded by halting trade talks with Canada. He also announced plans to increase tariffs on Canadian goods by an additional 10%. This escalation comes as both countries navigate complex trade dynamics.<\/p>\n<p>Carney stated that he had reviewed the ad with Ontario Premier Doug Ford, a conservative populist, before it aired. Despite his opposition, Ford&#39;s government proceeded with the campaign, which aimed to highlight the adverse effects of tariffs on American workers. Carney emphasized his responsibility for the relationship with the U.S. President, noting that airing the ad was &quot;not something I would have done.&quot;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Canadian Prime Minister Mark Carney issued an apology to U.S. President Donald Trump following a controversial anti-tariff advertisement 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