President Trump addressed the issue in a post on Truth Social, writing, “Canada’s (currency) Dollar imbalance with the U.S. is unacceptable. It has been that way for years - but no longer!” He did not specify what policy changes, if any, he intends to pursue regarding the Canadian dollar.

The U.S. dollar has recently traded around 1.38 Canadian dollars, meaning one Canadian dollar is worth roughly 72 U.S. cents. The Canadian dollar has generally traded below the U.S. dollar for years, affecting the relative prices of goods traded between the two countries.

Trump’s comments come as Washington and Ottawa remain locked in a dispute over tariffs and market access. The United States imposed a 50% tariff on $27.6 billion worth of Canadian goods effective August 22. The White House has cited what it considers unequal treatment of American commerce as justification for the measures.

Canada has responded by announcing matching tariffs on selected U.S. products. The Canadian government says the new measures, ranging from 15% to 50%, will take effect at 12:01 a.m. September 8 and cover approximately $27.6 billion in U.S. imports. Targeted sectors include steel, dairy, appliances, agricultural equipment, pulp and paper, plastics and electronics.

The latest dispute follows the breakdown of trade negotiations between the two countries. Canadian Prime Minister Mark Carney has defended Ottawa’s response, while the Trump administration has continued to argue that the United States has significant leverage in its economic relationship with Canada.

Trump’s latest post adds currency values to a broader list of concerns he has raised about the U.S.-Canada trade relationship. No additional action regarding the Canadian dollar was announced Sunday.