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Canada’s exchange rate with U.S. is ‘unacceptable’: Trump
Trump escalates the trade fight, saying Canada’s currency imbalance has cost the U.S. $60 billion a year on average, according to his earlier post.
- On Sunday, President Donald Trump escalated the trade dispute with Canada, warning on Truth Social that the country's currency imbalance with the United States is "unacceptable" and vowing the situation will not continue.
- Heightened rhetoric and a breakdown in high-stakes negotiations preceded the warning, following Trump's August 25 claim that Canada had been "ripping off" the United States for decades through excessive tariffs on American farmers and businesses.
- Trump asserted that the United States lost an average of $60 billion annually in trade with Canada over the past decade, while Canada has pledged to match U.S. trade actions "dollar for dollar" starting September 8.
- Cultural friction intensified after the Trump administration backed renaming Lake Ontario as "Lake America," a symbolic gesture that drew condemnation from Canadian officials after Google Maps and Apple Maps updated their applications for U.S. users.
- Neither the White House nor Canadian Prime Minister Mark Carney provided details on new actions following Trump's latest post, leaving the prospect of further trade restrictions and retaliatory measures uncertain as negotiations remain stalled.
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(Washington = Yonhap News) Correspondent Hong Jeong-gyu = As U.S. President Donald Trump takes issue with the U.S.-Canada dollar exchange rate, the possibility of an escalation in the 'tariff war' between the two countries...
·Seoul, Korea (the Republic of)
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‘Unacceptable’: Trump targets Canada’s ‘dollar imbalance’ with US in fresh escalation of tensions
The comments come amid continued tensions between Washington and Ottawa over trade tariffs. Trump has repeatedly raised concerns about the US trade relationship with Canada and has pushed for measures aimed at reducing what he considers unfair economic arrangements.
·New Delhi, India
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Coverage Details
Total News Sources16
Leaning Left1Leaning Right4Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 40%
Factuality
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