‘Losing $60 billion a year’: Trump slams Canada as ‘worst' trade 'abuser', urges firms to move to US
Donald Trump has labeled Canada a 'trade abuser' and claimed the U.S. loses $60 billion annually in trade with its neighbor. He credited his tariff policies for the resurgence of the U.S. automotive industry and urged companies to relocate to the U.S.
Why it matters
This rhetoric signals potential future trade conflicts and protectionist policies that could significantly impact North American economic relations.
US President Donald Trump has stepped up slamming Canada, claiming the US has been losing more than $60 billion a year in trade with its northern neighbour and saying Canadian businesses are returning to America to avoid tariffs while calling Ottawa a 'trade abuser'.In a post on Truth Social, Trump said, "For many years, the USA has been losing more than 60 Billion Dollars a year with Canada. Why??? Our long ago stolen businesses are now coming back to America in order to avoid paying tariffs.
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