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President Donald Trump said the U.S. pays hundreds of billions of dollars to "subsidize" Canada, and Canada can avoid tariffs by becoming the 51st state.
Both Canada and Mexico have said that Trump's tariffs would violate the United States–Mexico–Canada free trade agreement ratified by the three countries in 2020 under Trump's first presidency. Economists have said that the tariffs would likely disrupt trade between the three countries significantly, upend supply chains across North America ...
On February 2, Trump wrote on social media that the United States pays "hundreds of Billions of Dollars to SUBSIDIZE Canada. Why? There is no reason. We don't need anything they have … Without this massive subsidy, Canada ceases to exist as a viable Country. Harsh but true! Therefore, Canada should become our Cherished 51st State.
President-elect Trump went after Canada early Wednesday, asking why the U.S. provides its northern neighbor with subsidies and suggesting it should become the 51st state. “No one can answer why ...
The United States had become Canada's largest market, and after the war, the Canadian economy became dependent on smooth trade flows with the United States so much that in 1971 when the United States enacted the "Nixon Shock" economic policies (including a 10% tariff on all imports) it put the Canadian government into a panic.
We subsidize Canada to the tune of about $200 billion a year. And for what? ... And, China’s Ministry of Commerce said it would file a legal case against the United States at the World Trade ...
President-elect Trump continued trolling of Canada early Wednesday by slamming U.S. subsidies and again claiming that Canadians supposedly want to become the 51st U.S. state.
The trade relationship of the United States with Canada is the largest in the world.. In 2023, the goods and services trade between the two countries totaled $923 billion. U.S. exports were $441 billion, while imports were $482 billion, resulting in a United States $41 billion trade deficit with Canada. [1]