The Breakdown 37

• Canadian Prime Minister Mark Carney issued an apology to U.S. President Donald Trump over an offensive anti-tariff advertisement aired by the Ontario government, which featured remarks from former President Ronald Reagan condemning tariffs.
• The ad prompted Trump to suspend trade negotiations with Canada, threatening a 10% increase in tariffs on Canadian imports as a response.
• Carney had previously advised Ontario Premier Doug Ford against running the advertisement, expressing that it was "not something I would have done."
• The controversy escalated during an ASEAN meeting, where Carney privately apologized to Trump, highlighting the tension between the two leaders and the potential repercussions for diplomatic relations.
• The ad's release and subsequent fallout underscored the ongoing trade tensions between the U.S. and Canada, as economic ties remained strained under Trump’s administration.
• This incident ignited significant media coverage, emphasizing its implications for the future of U.S.-Canada relations and the broader trade landscape.