Economic Misinformation

Trump Falsely Claims US Does Little Business With Canada

President Trump’s statement that the US does “not do much business” with Canada is demonstrably false; official US data reveals Canada as the top buyer of US goods and services in 2024, purchasing approximately $440 billion. His assertion of a $200 billion annual US subsidy to Canada is also inaccurate, with the actual 2024 goods and services trade deficit totaling around $36 billion. These discrepancies highlight significant inaccuracies in Trump’s characterization of US-Canada trade relations.

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Trump Tariff Adviser Fabricated Economics Expert

Peter Navarro, a White House advisor, fabricated an economics expert, “Ron Vara” (an anagram of his own name), to support his tariff policies, a fact exposed by Rachel Maddow. Simultaneously, the administration touted a manufacturing boom despite job losses and a declining stock market, while the Treasury Secretary downplayed the impact on average Americans’ retirement savings. The article proposes a “Doug Jones Average,” reflecting the economic realities of working-class Americans, contrasting it with the Dow Jones Industrial Average’s limited relevance to most people. This highlights a disconnect between the administration’s economic narrative and the experiences of everyday citizens.

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