Asked about the trade war with Canada on Wednesday, President Donald Trump falsely claimed that U.S. banks are not allowed to do business with its neighbor to the north.
The allegation came during a meeting with U.S. travel executives in the Oval Office, after a reporter asked Trump whether there are plans for renewed trade talks between the two countries.
Experts say that although they may face restrictions, U.S. banks are not forbidden from operating in Canada.
Here's a closer look at the facts.
TRUMP: "They have their banks here, Bank of Canada, all of their big banks — big, beautiful banks. I think they have six or seven major banks here. We don't have our banks there. You know why? They don't allow it."
#donald
The allegation came during a meeting with U.S. travel executives in the Oval Office, after a reporter asked Trump whether there are plans for renewed trade talks between the two countries.
Experts say that although they may face restrictions, U.S. banks are not forbidden from operating in Canada.
Here's a closer look at the facts.
TRUMP: "They have their banks here, Bank of Canada, all of their big banks — big, beautiful banks. I think they have six or seven major banks here. We don't have our banks there. You know why? They don't allow it."
#donald
2 months ago
