Justin Trudeau calls Trump just two hours after president-elect threatens devastating sanctions against Canada, Mexico and China to stop border invasion.
These actions, Trump said, would take place on the first day of his administration and noted that the tariffs on Mexican and Canadian imports would apply to ‘ALL products coming into the United States, and its ridiculous Open Borders.
‘This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!’
Trump also suggested that Mexico and Canada had ‘the absolute right and power to easily solve this long simmering problem’ – indicating he wanted the neighbors to do more to patrol their borders so migrants couldn’t sneak into the United States amid yet another migrant caravan.
Just two hours after Trump posted the threats, Trudeau called Trump at his Mar-a-Lago estate, and the two had a constructive conversation focused on trade and security at the border, an unidentified Canadian official with knowledge of the call told the New York Times.
The Canadian government then released a statement focusing on the deep ties between the US and Canadian economies.
‘Risk sentiment is getting crushed for now on Trump’s tariff risks – the dollar is being viewed as a haven and the affected nations’ currencies like the Mexican peso are getting hammered,’ Mingze Wu, currency trader at StoneX Financial told Bloomberg.
‘This may just be a taste of what’s to come.’
Trump announces tariffs on Canada, China & Mexico; FOMC Minutes due – Newsquawk Europe Market Open