Trump seems ‘very bothered’ by ad that prompted him to cut off trade talks with Canada

Trade Negotiations & International Relations - The suspension of trade negotiations with Canada by President Trump raises concerns given Canada's status as a major trading partner, import source, and long-time ally of the US [11][12] - President Trump's reaction to an ad by Ontario, Canada, which he perceived as critical, led to the suspension of trade negotiations [3][5] - The US administration exempts most products imported from Canada from tariffs if they comply with the free trade agreement [22] - Sector-specific tariffs, particularly on steel, aluminum, and lumber, are major sticking points in trade talks with Canada, negatively impacting Canadian industries [24][25] - China cut off its purchases of soybeans back in May [30] - South Korea pledged $350 billion in investments in the US [31] - Japan agreed to $550 billion in investments and gave the US a lot of control over that [31] US Economy & Inflation - Failure to resolve trade issues with Canada could have existential consequences for US small manufacturers and businesses relying on Canadian imports, potentially leading to higher consumer prices [14][15] - September inflation numbers ticked up slightly, but not as much as economists anticipated [16] - Inflation is at 3%, higher than policymakers would like [15][18] - The market is influenced by trillions of dollars of AI spending and anticipation of lower interest rates by the Federal Reserve [17] - Food inflation is still rising, with record high beef prices and increasing shelter prices [18][19] - Energy prices have ticked up due to new sanctions against Russian oil giants [20]