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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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