Trump Declares End to $60 Billion Annual Trade Losses with Canada

On August 25, 2026, Trump shared the message on Truth Social and reposted it widely, stating 'Over the last 10 years, the United States lost, on average, 60 Billion Dollars a year with Canada.

No more! President DJT.' Official data shows a 2025 goods deficit of $48.3 billion, narrowing to $27.35 billion when services are included, with energy imports like crude oil driving much of the gap.

The post comes as the U.S. slaps 50% tariffs on $20 billion of Canadian goods like dairy and lumber after talks collapsed, prompting Canada's retaliation pledge and renewed debate over trade balances under USMCA.

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