Trump claims for putting tariffs on Canada

Donald Trump claims the United States has been subsidizing Canada.


In December 2024, Trump said the United States was subsidizing America’s northern neighbor by the large figure of $100 billion dollars a year. That number jumped to $200 billion in late January at the World Economic Forum.


Despite Trump’s claims that the United States is subsidizing Canada, a trade deficit is not the same as a subsidy.


TD economists Marc Ercolao and Andrew Foran noted in a January 21st report that “rather than a subsidy, the U.S. trade deficit is a by-product of U.S. economic outperformance relative to other countries.”


Canada exports more goods to the United States than it imports, but this relationship works out well for the American economy and should not be seen as a subsidy, CBC News explained. Yet that isn’t how Trump has been operating.


I think that in Trump's mind, he sees trade as a zero-sum game," Concordia University economics professor Moshe Lander told CBC News. "He's just hearing the word deficit. And that's the end of his math calculation."


The US imported $412.7 billion dollars in goods from Canada while Canada imported a total of $349.4 billion in goods from the United States, putting the American trade deficit with Canada at just $63.3 billion in 2024.


Ercolao and Foran also noted that the numbers Trump and his team are quoting are “4 to 5 times the official reported statistics.”

Trump doesn’t understand economics. He also is a terrible businessman. He is fortunate to have inherited an inordinate amount of money and grew it at a terrible pace over the years. What he is good at is running a con. I'll give him all the credit in the world for being a great con man. Unfortunately, tariffs and high prices are not a con that will help the American people. Though the part of the con that will work is that his followers are so taken that they will just claim they aren't paying more and suffering. And the ones that are that speak out will be kicked out of MAGA.

I thought it was all the Staff Edit Canada is letting come across the border

VitaMan I'm worried that Canadian Gold and Silver Maple Leaf coins will spike sometime in early March by 20%-25%. A 1oz Gold Maple Leaf coin is already $3000 USD's, add 20% to that and it's $3600 USD's. That seems like a freaking revaluation going on under everybody's noses if that is what is to happen. It will be wild to see if Canadian Silver Maple Leaf coins will cost more than American Silver Eagle coins coming up real soon. Canadian Gold and Silver coins have always been less expensive to their American counterparts but maybe that is set to change. A change I don't want to see but it may just be current year coins I'm thinking.