Canada: Ready to Restart Discussions on Steel, Aluminum, Energy

Carney said the two sides had "detailed, constructive negotiations, discussions on steel, aluminum and energy. A lot of progress has been made."

It was Ontario's provincial government that designed and paid for the ad, which used excerpts from a speech by President Ronald Reagan.

Trump posted a second time early on Oct. 24, writing, "CANADA CHEATED AND GOT CAUGHT!!! 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. Canada is trying to illegally influence the United States Supreme Court in one of the most important rulings in the history of our Country."

The ad opens with Reagan 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.

"And sometimes, for a short while, it works. But only for a short time."

The audio is legitimate, but some of the quotes were strung together. Reagan did talk about having to raise tariffs on Japanese semiconductors, because he said they were trading unfairly, but said he was "loath" to do so, as he remembered how protectionism made the Great Depression worse. He also criticized Democrats in Congress for wanting to hike tariffs more broadly.

After Trump's posts, Ontario Premier Doug Ford tweeted a link to the entire speech, and wrote, "Canada and the United States are friends, neighbours and allies. President Ronald Reagan knew that we are stronger together." Canadian press later reported that the ad would air in the U.S. during the first game of the World Series, but that would be the end of the run.

Senate Minority Leader Chuck Schumer issued a statement after the posts, calling them "Donald Trump’s latest price-spiking tariff temper tantrum."

"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," the New York Democrat wrote. "The madness must stop. Next week, Senate Democrats will force votes to reverse Donald Trump’s damaging tariffs on Canada and other countries that have been one of the driving forces behind higher prices."

A vote to rescind the emergency underpinning 35% tariffs on some Canadian goods has passed the Senate once before, but was not close at all to a veto-proof margin. The House has not held votes on the International Emergency Economic Powers Act emergencies.

The top Democrat on the House Ways and Means Committee, Richard Neal, issued a statement that said: "President Trump’s decision to walk away from trade talks with one of our closest allies over an ad quoting President Reagan’s own words is petty and dangerous for the American people. The quote is real, and rather than throw a fit, the President might reflect on what he’s done to necessitate this wake-up call from Canada. Our strength has always come from partnership, not petulance."

Reagan warned of lost exports in a trade war, and Canada announced Oct. 24 that it was reducing the quotas for duty-free exports of GM and Stellantis vehicles assembled in the U.S.

When Canada put 25% tariffs on cars and light trucks imported from the U.S., it offered quotas to companies that assemble cars in Canada, as long as those levels of production were continued. Stellantis recently announced to close a Brampton assembly plant, and GM has reduced production at two plants, all in Ontario.

The quotas will be reduced for GM by 24.2% and Stellantis' quota will be reduced by half.

"This decision aligns with the government’s long-standing position: we expect these companies to meet their contractual obligations and respect their commitments towards Canada and their workers," the Canadian government said.