Trump: US Loses $60B Yearly Due to Canada
According to statements by U.S. President Donald Trump, the United States has been suffering losses of $60 billion annually in its trade with Canada over the past decade, accompanied by accusations that Canada has imposed tariffs of up to 400% on American farmers and refused to approve Gulfstream aircraft. Trump also threatened to impose a 50% tariff on Canadian cars and trucks starting January 2027, marking an escalation in trade tensions between the two countries. The statements emphasized that Canada is acting unreasonably and behaving as if it deserves special treatment, amidst reciprocal measures taken by Canada after Washington imposed tariffs on Canadian imports.
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