U.S. President Donald Trump confirms he will not meet Canadian Prime Minister Mark Carney during the ASEAN summit in Kuala Lumpur after abruptly canceling trade talks over Ontario’s controversial anti-tariff ad featuring Ronald Reagan. Trump called the ad “fake” and accused Canada of “cheating on tariffs,” while Carney maintained Canada’s readiness to resume negotiations and focus on diversification through Asia-Pacific partnerships under his Budget 2025 plan. Earlier, Carney emphasized Canada’s readiness to restart negotiations when Washington is prepared, while focusing on generational domestic investments and expanding Asian partnerships to reduce reliance on the U.S. economy through his “Budget 2025” growth plan.