Part 6/11:
The culmination of these tensions occurred when President Donald Trump explicitly condemned Canada’s actions, accusing Canada of fraudulently using a pro-Reagan ad to influence the U.S. Supreme Court’s upcoming decision. Trump denounced Canada's campaign as an interference effort and announced the termination of all trade negotiations with Canada, stating:
“All trade negotiations with Canada are hereby terminated.”
This decisive statement shocked markets, ending any hopes of sector-specific negotiations or tariffs relief—such as easing lumber, steel, or aluminum tariffs. Instead, the markets responded positively, with stocks and Bitcoin rising, signaling a belief that Canada no longer holds as much leverage in these negotiations.