A single Trump post can shake global markets. If keeping up with the flood of Trump news feels overwhelming, this daily briefing cuts through the noise — delivering the market close and the key Trump developments that move global assets, all in under a minute. Subscribe to the newsletter at The Herald Business website.
US President Donald Trump has renewed his sharp criticism of Canada as his tariff war with the country intensifies.
Trump posted on Truth Social on Monday (local time) demanding that Canada's Bombardier be barred from the US market. "Don't sell Bombardier in America anymore. Their product is not good," he wrote. Bombardier is a Canadian manufacturer of business and private jets.
Trump argued that more than 50 percent of Bombardier's sales come from the United States and that the company relies on American buyers, businesses, airports and service networks. "Meanwhile, Canada is blocking our great American banks and companies," he said.
He particularly criticized Canada for blocking Gulfstream — a US jet manufacturer and Bombardier rival — from operating in the Canadian market, calling the situation "totally wrong and unfair."
Trump went on to say that if Canadian companies want access to the US market, they must produce their goods in America. "They have to stop treating the United States as a piggy bank," he said.
He also wrote: "Buy American. Fly American planes. Enjoy American liquor and beverages. Sail on Lake America." "Lake America" is the name Trump has proposed for Lake Ontario, which sits on the border between the United States and Canada.
The remarks repeated Trump's longstanding argument that Canada benefits from access to the vast US market while blocking American companies from entering Canada.
On Wednesday, Trump said: "All of the major Canadian banks are here, and this is their biggest source of profits. Yet they don't allow American banks into Canada."
He also claimed that Gulfstream had been unable to operate in Canada for nine years due to a lack of government certification, while Bombardier operates freely in the United States — and that his tariffs were the tool he used to correct that imbalance.
On Monday, Trump also said the currency gap between the US and Canadian dollars was "unacceptable," suggesting Canada was exploiting a weak currency to boost its exports to the United States. "It's been that way for years, but not anymore," he said.
mokiya@heraldcorp.com