In the latest development surrounding US-Canada relations, President Donald Trump revealed that he spoke with Canadian Prime Minister Justin Trudeau to address ongoing tensions over trade and border security.
Trump criticized Canada’s restrictions on US banks, accusing Ottawa of not allowing American financial institutions to operate freely within its borders. He also raised concerns over the flow of drugs across both the Mexican and Canadian borders, which he claims has contributed to the ongoing drug crisis in the United States.
“Canada doesn’t even allow U.S. Banks to open or do business there. What’s that all about? Many such things, but it’s also a DRUG WAR, and hundreds of thousands of people have died in the U.S. from drugs pouring through the Borders of Mexico and Canada,” Trump posted on Truth Social. He further indicated that he would be speaking to Trudeau again later in the day.
The remarks come as the US President recently announced the imposition of a 25% tariff on virtually all Canadian imports starting February 1. In retaliation, Canada declared it would apply similar tariffs, amounting to USD 106.5 billion worth of US goods, escalating the trade dispute between the two nations.
Trump’s actions are part of a broader strategy involving aggressive tariff measures on imports from both Canada and Mexico, as well as a 10% levy on Chinese goods.
