Fact-check · Oct 7, 2026 · Donald Trump
“We've been losing on average 80 to $90,000,000,000 a year with Canada”
FALSESaid in 2 broadcasts
What the record shows
U.S. trade deficit with Canada was $35.7 billion (goods and services combined) in 2024 and $27.35 billion in 2025, per Department of Commerce and USTR data. Goods-only deficit was $70.6 billion in 2024.
Claimed $80-90 billion annual deficit is roughly 2-3 times higher than official figures. 2024 goods-services deficit was $35.7B; goods-only was $70.6B. 2025 deficit fell to $27.35B.
Sources
- Fact check: Trump wildly exaggerates trade deficits with Canada, Mexico, China and the EU
- Canada
- New Data Confirms Canada-U.S. Trade is Balanced and Mutually Beneficial - Centre for Future Work
- Canada's trade deficit narrowed in December to cap volatile 2025 - RBC Economics
- What’s Up with Canadian Trade Deficit, Eh?
- The Trade Deficit Myth: Why America Quietly Wins with Canada - Global Trade Magazine
From: President Trump Makes an Announcement, Oct. 7, 2026
Every time it was said
Sep 4, 2026FALSE
Oct 7, 2026FALSE
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