With tariffs and trade in the spotlight, what Trump means when he says America is ‘losing’ billions to Canada, others
- President-Elect Donald Trump claimed that the United States was losing $200 billion a year to Canada, citing a trade deficit of $67.9 billion in 2023 with the country.
- The overall US trade deficit was $945 billion in 2022, which narrowed to $785 billion in 2023, but was expected to widen again in 2024 due to economic factors.
- Economists noted that imports can lower costs for consumers and spur economic growth, while foreign investment can lead to jobs and technology advancement.
- Some economists warn that viewing trade deficits as losses is misleading, arguing it does not reflect the benefits of trade for the US economy.
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Total News Sources0
Leaning Left1Leaning Right0Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
14%
C 86%
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