India, Oct. 24 -- US President Donald Trump announced on Thursday that he was immediately ending all trade talks with Canada. Trump's decision comes after he accused Ottawa of misquoting former president Ronald Reagan in an advertising campaign against tariffs.

"The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs," said Trump.

"They only did this to interfere with the decision of the U.S. Supreme Court, and other courts. 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 said in a post on Tr...