Who cares that the president is making up figures and lying to you? Let me think who should that be...well, it should be you for one.
I'll put money on you not knowing what the actual figure was. Trump says $200 billion and you accepted it immediately. Even though any article on US/Canada economics will give you figures that are nowhere near that. Now that you've eventually done the work and looked for the
actual deficit you've discovered that the administration has arbitrarily added $130 billion. They just pulled that out of the air, presumably thinking that a big, fat round number like $200 billion would impress people like you.
Here's an article that gives an even lower figure for the deficit, as in 2023:
Despite Trump's claims, U.S. doesn't really have a trade deficit with Canada. Here's why
But the U.S. trade deficit with Canada isn’t actually that big.
As of 2023, it was around $32 billion. And, here’s the thing: While Canada does have a trade surplus with the United States — the other side of the trade deficit coin — it’s due almost entirely to oil and gas purchased by the U.S.
Oil, critical for fuelling refineries in the U.S. Midwest, is purchased at a substantial discount, processed and re-sold.
If you take Canadian oil out of the equation, Canada actually has a trade deficit, and the U.S. has a surplus — of $58 billion.