Birdwatch Note Rating
2025-02-03 11:16:17 UTC - HELPFUL
Rated by Participant: 814824C7BE738CB1766C0DC8D5A94D3C818109653661B7DA2F3FD236CC4ECBC5
Participant Details
Original Note:
The "$200bn in subsidies" is in reference to the negative trade balance with Canada (CAD 109bn in 2023), driven by sales of crude oil. Excluding oil, the US trade balance runs a USD 45–63 bn surplus annually. Direct subsidies to Canada never exceeded $35m/year. https://economics.td.com/ca-canada-us-trade-balance https://www.yahoo.com/news/fact-check-trump-said-u-010300756.html https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.canada-and-us-economics-.canada-and-us-decks.trade-stats--january-31--2025-.html
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