He has also described billions of dollars in daily cross-border trade as a US subsidy and claimed Canada would not be “viable as a country” without it.
AFP fact-checked some of the president's claims about Canada, which include misrepresentations about bilateral economic relations and the situation at the border.
Trump has claimed that Canada gets 95 percent of its “product” from the United States.
In 2024, 62.2 percent of Canada's total imports came from the United States, the federal agency said.
“If we... focus on imports, does the US account for 95 percent? Not quite, although it is a really high number,“ Steinberg said.
US trade deficit
“That’s an inflated number,“ Steinberg said.
But trade deficits are not subsidies and the data does not affirm that the United States is propping up Canada's economy, Steinberg said.
US oil purchases from Canada are a main driver of the trade deficit, he added.
“American banks are not allowed to do business in Canada,“ Trump said in a social media post last month.
Foreign banks, including American financial institutions, are regulated by Canada's federal Bank Act.
These include JP Morgan Chase, CitiBank and Bank of America, which have offices in most major Canadian cities.
The Trump administration has said improving border security is a central issue in its relations with Canada.
Kelly Sundberg, a criminologist at Mount Royal University in Calgary, said there is no evidence to back up Trump's claims on fentanyl, as data shows less than one percent of the killer opioid that enters the United States came from Canada.
CBP data also reported US border patrol agents apprehended 23,721 people illegally crossing the Canadian border in fiscal year 2024.
“Canada is under greater threat from the United States than the United States is from Canada for most things -- guns, drugs (and) illegal immigrants,“ Sundberg said.
He said more relaxed drug laws in Canada could project an inflated sense of illicit substances entering the United States.
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