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U.S. benefits from Canadian trade at least as much as Canada: report

A new report states that the U.S. Benefits at least as much from trade with Canada as Canada benefits, according to economist Jim Stanford at the Centre for Future Work.
The report claims that the U.S. Has a large surplus in services trade with Canada, offsetting the merchandise trade deficit.
Trump's assertion of a $200 billion trade deficit with Canada is false; the actual deficit was about $40.6 billion in 2023, according to the U.S. Government's Bureau of Economic Analysis.
Trump incorrectly stated that Canada spends 'less than 1%' of GDP on defense, while official figures show it spent an estimated 1.37% in 2024.

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Bangor Daily News

Canadian officials warn against trade war during Maine visit

As President-elect Donald Trump pushes for a 25 percent tariff on Canadian imports, a delegation from the eastern province of Prince Edward Island is pleading the case for continued free trade while touring New England this week. Dennis King is Prince Edward Island’s premier, the top elected official in the province. He said his province plays a key role in cross-border trade, exporting more than $1 billion worth of goods to the United States in…

2 months ago·Bangor, United States

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National Post

Despite Trump's claims, U.S. doesn't really have a trade deficit with Canada. Here's why

Yes — but only if you include oil.

2 months ago·Canada

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CNN

+7 Reposted by 7 other sources

Fact check: Debunking Trump’s false claims about Canada

President-elect Donald Trump keeps making false claims about Canada.

2 months ago·Atlanta, United States

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Caledonia Courier

+10 Reposted by 10 other sources

Trump’s Canadian trade ‘subsidy’ claims false, new report says

U.S. service and investment surplus more than offsets merchandise deficit: Centre for Future Work

2 months ago

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City News

+19 Reposted by 19 other sources

U.S. benefits from Canadian trade at least as much as Canada: report

A new report says the U.S. benefits at least as much from trade with Canada as Canada benefits. The report by economist Jim Stanford at the Centre for Future Work says claims by incoming U.S. president Donald Trump that the bilateral merchandise trade deficit constitutes a “subsidy” are false. He says Canada is the world’s […]

2 months ago·Toronto, Canada

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Talking Biz News

WSJ wins NPF award for trade reporting

The National Press Foundation has named The Wall Street Journal as the winner of the 2024 Hinrich Foundation Award for Distinguished Reporting on Trade for its series on China’s phasing out of U.S. technology. WSJ reporters Liza Lin, Raffaele Huang and Stu Woo created an exclusive series of stories revealing China’s ‘Delete America’ efforts to […]

2 months ago

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