Trump: Canada’s currency imbalance with US will be ‘no longer’

President Trump said Sunday the U.S. dollar to Canadian dollar “imbalance” is “unacceptable,” two days before Canadian tariffs will go into effect on a slew of American goods.

“Canada’s (currency) Dollar imbalance with the U.S. is unacceptable,” Trump wrote on Truth Social . “It has been that way for years — but no longer!”

One Canadian dollar equals roughly 72 cents, bolstering Canada’s status as a net exporter. The country’s trade surplus in July was $769 million, according to data from Statisque Canada .

Canadian businesses also consistently export more to their American counterparts than they take in, with the U.S. trade deficit with Canada exceeding $48 billion last year, per data from the U.S. Census Bureau .

The Canadian government’s “dollar for dollar” import taxes on certain U.S. goods will take effect on Tuesday, roughly two weeks after Trump’s 50 percent levies on $27.6 billion worth of Canadian products became official.

The levies apply to roughly 5 percent of products American businesses import from Canada, the country’s second-largest trading partner behind Mexico. The Canadian tariffs will focus on steel, dairy, appliances, agricultural equipment, pulp and paper and electronics, the country’s Department of Finance said last month .

Trump has gone after Canadian Prime Minister Mark Carney during the trade war , saying the latter wants his country to reap the benefits of being a U.S. state without actually being one. During his second term, the president has often argued the U.S. should annex Canada.

Later Sunday afternoon, the president targeted foreign net exporters broadly, posting a graphic stating they employ eight “hidden tricks” to benefit themselves economically.

Those “tricks” include cheapening their currency, selling products at below market value, copying U.S. goods and cashing back on exports.