In this week’s video, CNN’s Jake Tapper reviews President Donald Trump’s claim that the U.S. trade deficit with Canada is “close to $100 billion a year.” It’s not.
Locations: International
Trump Garbles Canadian Trade Stats
The official U.S. statistics on trade with Canada show that the United States has a trade surplus with our neighbor to the north. The U.S. surplus was $2.8 billion in 2017, according to the Census Bureau. Yet, President Donald Trump has claimed that the U.S. has “close to $100 billion a year loss with Canada” or $17 billion “minimum.”