President Donald Trump’s “Liberation Day” tariffs will likely hurt US regional and Canadian banks, while Chinese banks’ exposure seems limited. Trade spats could also have negative implications for a lending rebound that many US regional banks were anticipating in 2025.

Trump said in a social media post that the U.S. is "making progress to end this terrible Fentanyl Crisis" that he claims is coming from Canada, and said that "Republicans in the Senate MUST vote to keep the National Emergency in place, so we can finish the job, and end the scourge."