Prices for home appliances, cars and auto parts could be impacted by President Donald Trump’s decision overnight to end trade talks between the U.S.and Canada, some trade experts told ABC News.Trump said he's terminating trade negotiations with Canada in response to a negative TV advertisement about tariffs rolled out earlier this month by the Canadian province of Ontario."TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.
Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED," Trump posted on his social media platform.Trump says he's terminating trade talks with Canada over TV ad about tariffsThe ad features audio with excerpts of a 1987 address by then-President Ronald Reagan that came as he imposed some duties on Japanese products but cautioned about the long-term economic risks of high tariffs and the threat of a trade war.Trump claimed, without evidence, that the ad aimed to sway the outcome of a U.S.Supreme Court case over the tariffs, which is set to come before justices next month.
In a post on X, Ontario Premier Doug Ford urged cooperation between the two countries."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," Ford said.Canadian goods currently face steep 35% tariffs, though many of those exports to the U.S.remain duty-free because the policy excludes products compliant with the United States-Mexico-Canada Agreement, or USMCA, a free trade agreement.A separate swathe of Canadian products is subject to sector-specific tariffs, such as 50% levies on steel and aluminum.In trade negotiations, Canada sought to reduce or lift the steel and aluminum tariffs, but a halt to discussions could keep those in place for an extended period, experts said.
Canada is the top exporter of steel and aluminum to the U.S.Steel and aluminum are found in a host of goods, including h...