Fact-check · Sep 4, 2026 · Donald Trump
“We lose with Mexico. A $195,000,000,000 a year.”
TRUE
What the record shows
USTR reports U.S. goods trade deficit with Mexico at $197 billion in 2025; including services, the deficit was $190.1 billion (USAFacts, 2025).
Sources
- Mexico | United States Trade Representative
- What is the value of US trade with Mexico? | USAFacts
- U.S. Saw Record Trade Deficit in 2024 | NACS
- U.S. International Trade in Goods and Services, December and Annual 2025 | U.S. Bureau of Economic Analysis (BEA)
- Mexico's trade surplus with the US reached a new peak in 2024 | AméricaEconomía
- U.S. International Trade in Goods and Services, December and Annual 2024 | U.S. Bureau of Economic Analysis (BEA)
From: President Trump Signs Executive Orders, Sep. 4, 2026
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