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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Coverage Details
Total News Sources0
Leaning Left15Leaning Right2Center8Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
L 60%
C 32%
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