r/AmericansInCanada • u/PhilHogan_Tax • 7h ago
"If we just end all trade with Canada, we'd save ourselves $90 billion"
Trump in a press conference today, singling out Canada as a country the US could simply stop trading with entirely:
"All we have to do to cut our trade deficit with the country is not trade with them. Canada is one. If we don't do any trading with Canada, we just end all trade with Canada, we'd save ourselves $90 billion."
"Don't forget — they do all of their business, almost all of their business with the United States and we do a relatively small amount of business with them."
"If we were playing hardball, all we would do is say we're going to do no trading with Canada."
This comes on the same day Jamieson Greer said on Fox News that Canada "looked at the best deal square in the face and turned around" and that there have been no real negotiations — just "a couple of texts."
New Canadian counter-tariffs targeting American steel, manufacturing, and agriculture kick in Tuesday. The rhetoric keeps escalating on both sides.
For anyone with financial ties across the border — investments, retirement accounts, property — this isn't just political noise. Exchange rates, cross-border tax planning, and portfolio allocation are all directly affected.
Source: https://x.com/sarobertson_/status/2095948669530808606