· 2 min read
illuminem summarises for you the essential news of the day. Read the full piece on Deutche Welle or enjoy below:
🗞️ Driving the news: President Donald Trump announced Friday he is terminating “all trade negotiations” with Canada, citing a “fraudulent” Ontario government TV ad that featured edited remarks from former President Ronald Reagan criticizing tariffs
• The Ronald Reagan Foundation confirmed the ad misrepresented Reagan’s views and is exploring legal action
• Trump’s decision halts ongoing talks amid escalating trade tensions
🔭 The context: The controversial ad used excerpts from Reagan’s 1987 speech warning of long-term dangers of tariffs
• While Reagan supported temporary tariffs for protection, he emphasized that lasting trade barriers trigger retaliation, economic decline, and job losses
• Ontario’s ad campaign, launched by Premier Doug Ford, aimed to counter Trump’s tariffs, which have hit Canadian industries hard—especially steel, aluminum, and auto manufacturing
🌍 Why it matters for the planet: Trade cooperation is crucial for advancing clean energy and green supply chains, especially in North America
• Disrupted trade talks could delay joint efforts on electric vehicles, renewable technology, and cross-border climate investments
• Protectionist policies risk undermining environmental progress, limiting access to low-emission technologies, and straining the global collaboration needed to meet climate goals
⏭️ What’s next: With talks off the table, Canada is expected to accelerate trade diversification beyond the U.S., as signaled by Prime Minister Mark Carney
• Legal fallout from the Reagan Foundation’s response may unfold in parallel
• Canada’s industries brace for prolonged uncertainty, with potential ripple effects on regional economic stability and climate-aligned trade policies
💬 One quote: “Based on their egregious behavior, all trade negotiations with Canada are hereby terminated,” Trump posted on Truth Social
📈 One stat: Roughly 85% of trade between Canada and the U.S. remains tariff-free under the current agreement, but Trump’s tariffs have disproportionately impacted Canada’s manufacturing sector.
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