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2026-08-25T14:28:25.899Z

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Trump Claims US Loses 60B Annually to Canada

Trump Claims US Loses 60B Annually to Canada

The American President, Donald Trump, stated that the United States has been incurring annual losses of $60 billion in its trade with Canada over the past decade, considering the situation "unsustainable." He accused Canada of imposing tariffs of up to 400% on American farmers and of implementing measures that have led to many American companies exiting the market, in addition to refusing to approve American Gulfstream aircraft. In a move to escalate trade tensions, Washington imposed a 50% tariff on approximately $20 billion worth of Canadian goods. Canada responded with retaliatory measures, and Trump threatened to impose similar tariffs on Canadian cars and trucks starting from January 2027.

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