Trump Calls Canada’s Currency Imbalance With U.S. Unacceptable

Trump claims Canada's dollar imbalance with the U.S. is unacceptable after Washington imposed 50% tariffs on about $20 billion of Canadian goods.

First Published: September 6, 2026, 9:16 AM ET

WASHINGTON D.C. — Donald J. Trump called Canada‘s currency imbalance with the United States unacceptable, escalating a rupture between two of the world’s most integrated trading partners. Trump framed the imbalance as a longstanding grievance he intends to end.

Here is the full post on truthsocial: “Canada‘s (currency) Dollar imbalance with the U.S. is unacceptable. It has been that way for years – but no longer! President DJT” on September 6, 2026 at 9:10 AM ET.

This is Trump’s first message released today, and the last post was 12 hours ago, and it is not part of a thread. On average, Trump produces 18 posts per day since his inauguration on January 20, 2025. The move fits a broader pattern in Trump’s recent messaging, with 33 of his 610 posts over the last 30 days classified as Economy posts.

The complaint lands weeks after the United States imposed 50% tariffs on roughly $20 billion of Canadian goods, ranging from hockey sticks to tongue depressors, when trade talks collapsed at a Friday night deadline according to The Guardian. Prime Minister Mark Carney,Canada‘s head of government, vowed to match the levies “dollar for dollar” according to bbc. Each side blamed the other for the breakdown, and no further talks are planned according to theguardian.

“Last-minute changes in the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal,” Carney said in a statement according to bbc. U.S. Trade Representative Jamieson Greer called the collapse a “missed opportunity for Canada” and said Washington acted after a year of Canadian retaliation according to The Guardian.

Canada and the United States run one of the deepest trading relationships on earth. U.S. goods and services trade with Canada totaled an estimated $872.3 billion in 2025, down 4.6% from the prior year, according to ustr.gov. The U.S. goods trade deficit with Canada was $48.3 billion in 2025, a 21% decrease from 2024, according to ustr.gov. Canada was the top destination for U.S. exports and the third-largest source of U.S. imports in 2024, according to ustr.gov.

President Donald J. Trump posed at WASHINGTON D.C.

The fight already reaches factory floors on both sides. Ontario,Canada‘s most populous province, has lost tens of thousands of manufacturing jobs since early 2025, and several auto parts and assembly plants have announced layoffs and production cuts according to BBC Online. Metal exports from Quebec fell 36% between February 2025 and 2026, alongside a 3.6% drop in sector employment according to bbc.co.United Kingdom.

American shoppers and producers are not insulated.Canada‘s counter-tariffs cover about $28 billion in U.S. goods, from steel to furniture, cosmetics and toilet paper, with Ohio hardest hit as roughly 12% of its exports face new Canadian levies according to BBC Online. Illinois and Pennsylvania rank next, and Illinois faces new tariffs on farm and construction equipment according to bbc.co.United Kingdom.

The two countries govern their commerce through the United States-Mexico–Canada Agreement, which entered into force on July 1, 2020, and replaced the North American Free Trade Agreement, according to ustr.gov. That accord underpins nearly $2 trillion in regional trade, according to ustr.gov. The 50% levies rely on a Depression-era statute, the Tariff Act of 1930, according to bbc.

The next move rests with negotiators in Washington and Ottawa, though no date for renewed talks has been announced according to The Guardian.