Trump speaks with Trudeau, plans another call amid trade tensions

Investing.comFeb 3, 2025 3:26 PM

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United States President Donald Trump on Monday said he spoke with Canadian Prime Minister Justin Trudeau and plan to speak with him again later today, amid escalating trade tensions between the two countries.

Over the weekend, President Trump imposed a 25% tariff on imports from neighboring Mexico and Canada. Both countries swiftly responded with retaliatory measures against U.S. goods, escalating the trade dispute.

Amid these developments, President Trump posted on his social media platform, Truth Social, stating that he had spoken with Prime Minister Trudeau and would speak with him again at 3:00 PM.

“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,” he said in the post.

President Trump did not provide further details about the discussions.

He had earlier announced that he would speak with Prime Minister Trudeau and Mexican leadership after imposing the tariffs.

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