Fact-check · Oct 23, 2026 · Donald Trump
“They've been making 90,000,000,000 a year for... For many years with us. They're making anywhere from 80 to $100,000,000,000”
MOSTLY TRUESaid in 4 broadcasts
What the record shows
Statistics Canada reports Canada's merchandise trade surplus with the US was $102.3B in 2024 and $81.6B in 2025; combined goods-and-services surplus was $94.4B in 2023. The $80–100B range is accurate for recent years, but 'many years' overstates consistency.
The stated range ($80–100B) matches recent official data. However, the claim of a consistent $90B annual surplus 'for many years' is imprecise—the figure has fluctuated and varies by whether services are included.
Sources
- US Runs Trade Deficit With Canada in 2024
- The Daily — Canadian international merchandise trade, December 2024
- The Daily — Canadian international merchandise trade, December 2025
- Monthly trade report: December 2025 - Global Affairs Canada
- TD Economics - Setting the Record Straight on Canada-U.S. Trade
- Canada
Every time it was said
4 times, Sep 2, 2026 to Oct 23, 2026 · 2 true · 1 misleading · 1 false · against US trade balance (goods & services) (FRED)
US trade balance (goods & services), as revised today● figure published the day it was saidTrueMisleadingFalse
The verdicts differ. Some differences can come from new data between dates (see the figure published each day); others come from changes in the wording or in what each check found. Each check is linked below.
Figures published each day come from FRED archives (ALFRED), before later revisions.
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