Fact check: Trump claimed the US doesn’t do ‘much business with Canada.’ Canada is the world’s top buyer of US exports
By: Daniel Dale, CNN
S E E D E D C O N T E N T
During his Tuesday meeting with Canadian Prime Minister Mark Carney, President Donald Trump falsely minimized the importance of the US trade relationship with Canada.
“We don’t do much business with Canada from our standpoint. They do a lot of business with us. We’re at like 4%,” Trump said .
That “4%” figure is wrong. Official US data shows that Canada bought about 17% of US goods exports in February and March , the last month for which data is available – more than any other country. Canada bought about 16% of US goods exports in January , second only to Mexico.
Trump also repeated his frequent claim that the US is “subsidizing Canada to the tune of maybe $200 billion per year.” Trump has previously made clear that he is speaking about the US trade deficit with Canada, but that is not even close to $200 billion. Official US statistics show the 2024 deficit with Canada in goods and services trade was about $36 billion.
Even if you only count trade in goods and ignore the services trade at which the US excels, the deficit was about $71 billion. And even if he was this time using the word “subsidizing” to describe unspecified other things in addition to the trade deficit, there is no basis for the claim .
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PM Carney was masterful ... Trump is possibly not the first ogre he has met of some stature.
No doubt...
Personally, I think Carney is wasting his time talking to him. Trump is nothing more than a lying untrustworthy inconsistent unreliable narcissist incompetent ignoramus who is alienating America from the rest of the world, and when I read what Buffet said, I'm even more sure of it.
That is a broken record when it comes to Trump.