President Trump axes trade talks with Canada
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 24 October 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
From the BBC World Service: President Donald Trump has abruptly cut off all trade talks with America’s northern neighbor. Trump was responding to an anti-tariff ad paid for by the province of Ontario, which featured a clip of former President Ronald Reagan speaking negatively about tariffs. About three-quarters of Canada's exports go to the U.S.; many now face a 35% Levy. Plus, it’s been a turbulent week for gold prices, but what’s causing the recent downturn?
Transcript
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| 1:03.9 | plural site.com and see for yourself. Canada feels Trump's wrath after the president terminates trade negotiations. |
| 1:13.7 | Live from the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 1:18.0 | I'm William Lee Adams. Good morning. |
| 1:20.9 | Canada is waking up to some difficult news. |
| 1:23.5 | President Trump has abruptly cut off all trade talks with its northern neighbor. Mr. Trump was responding |
| 1:29.2 | to an anti-tariff ad paid for by the province of Ontario, which featured a clip of former |
| 1:34.6 | American President Ronald Reagan speaking negatively about tariffs. About three quarters of Canada's |
| 1:40.2 | exports go to the U.S., many now face a 35% levy. Here's our business reporter, Nick Marsh. |
| 1:47.0 | It's a vital economic relationship. Canada's America's second largest trading partner after Mexico. |
| 1:52.0 | Canada buys more American goods than any other country in the world. There used to be lots of free trade agreements. |
| 1:58.3 | Donald Trump's been looking to reverse that to a certain extent. He's put |
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