Things remain up in the air following a morning telephone call between U.S. President Donald Trump and Prime Minister Justin Trudeau.
After the call this morning, sparked by a burgeoning trade war between the two countries, Trump took to social media to say American banks can’t “open” or do business in Canada.
He added that an influx of undocumented migrants and illegal drugs across Canada’s and Mexico’s borders are justification for a U.S.-led tariff war.
Trump says he’ll impose 25 per cent penalties on all Canadian imports except energy with electricity, natural gas, and oil suffering a 10 per cent surcharge.
Ottawa plans to retaliate with immediate tariffs on $30 billion dollars worth of American imports.
Trump says he and Trudeau will be speaking over the phone again this afternoon.
