“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.”
Prime Minister Justin Trudeau and U.S. President Donald Trump spoke early on Monday about the escalating trade dispute that will have massive implications in both countries. Economists from both the US and Canada have predicted an increase in goods on both sides of the country, and impact businesses and workers. The two leaders are expected to continue their discussions later in the day after a conversation that took place earlier on Monday.
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View on X“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. Just spoke to Justin Trudeau. Will be speaking to him again at 3:00 P.M," Trump posted on Truth Social.
U.S. banks, like JPMorgan Chase and Citibank operate in Canada, following local regulations.
Neither the Prime Minister’s Office nor the White House immediately released a readout of the conversation. Canada's retaliatory tariffs are set to kick off on February 4.
It was announced earlier this week that the US would move forward with a 25 percent tariff on imports from Canada and Mexico, and a 10% tariff on imports from China, with a lower 10% tariff on Canadian energy.
The New York Times reported that the president signed three orders to implement the tariffs.
White House officials said on Saturday that the tariff would not have any specific exemptions.
Regarding the numbers of encounters in the United States, Forbes writes: "Customs and Border Protection (CBP) data for Fiscal Year 2024 tells a different story... Border Patrol apprehended 23,721 people who illegally crossed the U.S.-Canada border, representing just 1.5% of nationwide Border Patrol apprehensions. In contrast, at the U.S.-Mexico border, Border Patrol reported more than 1.5 million apprehensions in the same year."
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