Fashion UK

Trump vs. Canada-US Trade: The $200 Billion Myth – TD Report

Published

2 years ago

January 27, 2025

Mark Mitchell - Mortgage Broker London Ontario

#CanadaUSTrade #canadianeconomy #tariffs

It’s time to set the record straight on Canada-US trade relations, as a new TD report challenges President Trump’s claim that the U.S. subsidizes Canada by $200 billion annually.

Links:

President-elect Trump press conference: FULL SPEECH:

Setting the Record Straight on Canada-U.S. Trade:

https://economics.td.com/ca-canada-us-trade-balance

TD Bank fined $3B US after pleading guilty in historic U.S. money-laundering case:

https://www.cbc.ca/news/business/td-bank-penalties-1.7348819

TD Bank to pay more than US$28M in settlement for market manipulation:

https://www.thestar.com/business/td-bank-to-pay-more-than-us-28m-in-settlement-for-market-manipulation/article_6a878ef4-9c7d-513e-9596-284329775525.html

TD Bank secretly launches discounted variable mortgage rate:

https://www.mpamag.com/ca/mortgage-industry/industry-trends/td-bank-secretly-launches-discounted-variable-mortgage-rate/487972

Setting the Record Straight on Canada-U.S. Trade:

https://www.bnnbloomberg.ca/video/shows/money-talk/2025/01/23/setting-the-record-straight-on-canada-us-trade/

‘Why we are losing $200 billion a year’: Trump unveils plans to acquire Canada. Justin Trudeau responds:

https://economictimes.indiatimes.com/news/international/global-trends/trump-acquire-canada-51st-us-state-tariff-why-we-are-losing-200-billion-a-year-trump-unveils-plans-to-acquire-canada-justin-trudeau-responds/articleshow/117048819.cms?from=mdr

‘Canada’s a very bad abuser’: Tariffs on Canadian imports coming on Feb. 1, Trump says:

https://nationalpost.com/news/canada/donald-trump-canada-tariffs

5 things to know if Canada hits back against Trump tariffs:

https://www.cbc.ca/news/politics/tariffs-canada-united-states-1.7436653

Trade retaliation might feel good—but it will hurt Canada’s economy:

https://www.fraserinstitute.org/commentary/trade-retaliation-might-feel-good-it-will-hurt-canadas-economy

Canada-U.S. Trade Relationship:

https://economics.td.com/ca-us-trade-infographic-2025

Trump responds to Trudeau resignation by suggesting Canada merge with U.S.:

https://www.cbc.ca/news/politics/justin-trudeau-resigns-us-donald-trump-tariffs-1.7423756

Canada’s trade surplus with U.S. widens before Trump’s return:

https://financialpost.com/pmn/business-pmn/canadas-trade-surplus-with-us-widens-before-trumps-return

TD’s plan to pay money laundering fines clears path for new CEO:

https://www.reuters.com/business/finance/tds-plan-pay-money-laundering-fines-clears-path-new-ceo-2024-08-28/

Top Trading Partners – November 2024:

https://www.census.gov/foreign-trade/statistics/highlights/topyr.html

TD eyes selling $9 billion of mortgages as it faces U.S. asset cap:

https://financialpost.com/fp-finance/banking/td-sell-mortgages-faces-asset-cap

Despite Trump’s claims, U.S. doesn’t really have a trade deficit with Canada. Here’s why:

https://nationalpost.com/news/canada/donald-trump-us-trade-deficit-canada

Trump has declared a ‘national energy emergency.’ What does that mean?:

https://www.npr.org/2025/01/20/nx-s1-5268653/energy-emergency-trump-oil-evs

How Canada can reach NATO’s 2-per-cent target – and quickly:

https://www.theglobeandmail.com/opinion/article-how-canada-can-reach-natos-two-per-cent-targetand-quickly/

Fact check: Debunking Trump’s false claims about Canada:

https://www.cnn.com/2025/01/13/politics/fact-check-trumps-false-claims-canada/index.html

Trump Is Wrong. The US Does Not Subsidize Canada:

https://www.thetyee.ca/Analysis/2025/01/15/Trump-Wrong-US-Does-Not-Subsidize-Canada/

Mark Mitchell – Mortgage Broker London Ontario
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Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario

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Commentary on this Channel should not be considered financial advice.

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Related Topics:200 90's billion canada-us Fashion myth Report the trade trump:vs.

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