WSJ What’s News The Ad That Ended US-Canada Trade Talks
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Oct 24, 2025 Chelsea Delaney, a markets reporter for The Wall Street Journal, dives into the fallout from President Trump's abrupt cancellation of trade talks with Canada, sparked by a Ronald Reagan ad. She discusses investor reactions and the broader implications for U.S.-China negotiations. Anvee Bhutani provides insights on the looming government shutdown, detailing how funding cliffs could affect federal workers and critical social programs. Together, they highlight the economic stakes and political tensions shaping these pivotal trade discussions.
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Ad Ends Diplomatic Trade Talks
- President Trump called off trade talks with Canada after an Ontario ad used Ronald Reagan audio criticizing tariffs.
- The move follows tariff disputes that have already cost Ontario auto jobs and provoked Canadian retaliatory limits.
Trump-Xi Meeting Calms Markets
- The White House confirmed a Trump–Xi meeting in Asia that markets view as de-escalatory for trade tensions.
- Investors reacted positively, but uncertainty over tariff threats keeps volatility high.
Tariff Uncertainty Hurts Investment
- Markets remain sensitive to trade rhetoric because tariff rates have shifted dramatically and unpredictably.
- That uncertainty reduces investment willingness even when the global economy shows resilience.