this post was submitted on 01 Apr 2025
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We are talking about a country that demands regulatory concessions in foreign countries, beyond those of which are afforded to said countries' domestic businesses.
I was curious about that whole "Canada doesn't want US banks" thing that started in the beginning of our deranged trade war, and it's really stupid. Opening a bank there is oh so hard for our poor widdle conglomerate banks because... stricter regulations and an unwillingness to make 35% of their Canadian subsidiary publicly owned.
That's it. Their banks have to follow the same rules, and Trump thinks that's unfair for us.