President Trump Claims the U.S. Has a Trade Deficit With Canada. That’s Not So Clear:

President Trump Claims the U.S. Has a Trade Deficit With Canada. That’s Not So Clear:

President Donald Trump has one again claimed that the U.S. has a “large” trade deficit with Canada as part of a series of tweets about the proposed U.S. tariffs on steel and aluminum and the final round of North American Free Trade Agreement (NAFTA) talks.

But, whether this is true depends on whom you ask. Both the U.S. and Canada say they are running trade surpluses with each other.

“We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs,” Trump tweeted on Monday. “Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed.”

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