Now he's blabbering on about Canadian banking regulations. I don't see any way that he drops these tariffs. This has nothing to do with fentanyl, or the border, or trade deficits, or our banks. Dude just clearly has some weird obsessive axe to grind when it comes to Canada and is hellbent on destroying the decades-long relationship between our two countries. This whole thing is so unbelievably infuriating.
https://www.cbc.ca/news/politics/tru...-war-1.7448805
Quote:
In a social media post after his call with Trudeau wrapped, Trump chastised Canada for not allowing U.S. banks to "open or do business there."
Until this point, Trump has framed the tariffs as a way to hit back at Canada for the ongoing trade deficit and supposed inaction on drugs and migrants crossing the northern border into the U.S. — his stated concerns about banking fairness are a new development.
A number of American banks do business in Canada with large lending and commercial and investment banking operations, among other functions, on this side of the 49th parallel.
Personal banking in Canada is largely the domain of Canadian-based banks, due to stringent federal regulations designed to protect against bank failures. According to government figures, Canada's large banks hold more than 93 per cent of all domestic banking assets. Canadian banks are routinely ranked among the safest in the world.
Last night, Trump also raised the Canadian banking system with reporters after landing back in D.C. after a weekend at his Florida estate.
"Canada's been very abusive of the United States for many years. They don't allow our banks. Did you know that? Canada does not allow banks to go in. If you think about it, that's pretty amazing," he said.
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