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US President Trump hits Canada on trade, says Hormuz Oil keeps flowing

US President Trump hits Canada on trade, says Hormuz Oil keeps flowing

FXStreetFXStreet2026/08/27 18:18
By:FXStreet

US President Donald Trump held a press conference at the White House, in which he insisted that Canada has been ripping off the US on trade and that it wants to be “treated like a state.”

During the press conference, in addition to discussing Canada, he spoke about Putin and that “millions of barrels of Oil are coming through Hormuz daily.”

Key highlights:

Canada has been ripping US off on trade for a long time.

Canada wants to be treated like state, but not a state.

We don't want Canada to make cars for the US.

Tariffs on (Canadian) cars at a substantial level.

Canada is the worst to deal with on trade.

Putin will not attack nato territory.

Has had good talks with Putin.

On Iran: They're in big trouble.

Russia has behaved quite well with the Strait of Hormuz.

On punishing Putin for Iran business: Who says I'm not

Trump: Millions of barrels of oil are coming through Hormuz daily.

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