Trump Says US is Giving Canada Mad Bread? 🤨💸 Experts Say, "Hold Up, That Ain't It."
Trump's claims the U.S. subsidizes Canada. Experts say the numbers don’t add up. Okay, so basically, Trump's out here saying the US is subsidizing Canada with like, $200 billion, which is kinda sus. But experts are like, "Nah, fam, that's not the vibe." They're throwing shade on the trade deficit th
TL:DR
Okay, so basically, Trump's out here saying the US is subsidizing Canada with like, $200 billion, which is kinda sus. But experts are like, "Nah, fam, that's not the vibe." They're throwing shade on the trade deficit thing and military spending. Is this cap, or is Trump cooking? 🤔
The Tea ☕
Alright, so here's the sitch. Trump, our guy, is straight up claiming the US is basically handing over a whole lotta dough to Canada, like around $200 billion a year. According to him, we're subsidizing them. But hold up, because the experts are side-eyeing this hard.
Apparently, Trump's argument is kinda based on the fact that the US has a trade deficit with Canada. He thinks that's basically the same as giving them free money. But economists are like, "Nah, that's not how it works, my dude." They're saying a trade deficit isn't a subsidy, period. For example, in 2024 the US deficit with our neighbors was $35.661 billion for all business, but 53.5 billion if you asked the White House. 👀
And it doesn't stop there. Trump's also throwing shade because Canada isn't spending as much as the US on the military. He's pressed that they're not hitting the NATO target of spending 2% of their GDP on defense. In 2024, Canada spent 1.3% ($29.3 billion), while the US was at 3.4% ($997 billion). So he's saying that the difference is the US funding Canada.
Even the White House is jumping in, mentioning NORAD (North American Aerospace Defense Command) and how much the US pays for it. Apparently, the US covers about 60% of the bill but like nobody actually has receipts on how much that is, except that one 1985 cost-sharing agreement. Economists are saying that we need to look at both sides, not just blame each other.
So, is Trump spitting straight facts, or is he reaching? You be the judge! 🤔
Abbreviations Glossary
| Abbreviation | Full Form |
|---|---|
| Bread | Money. |
| Sus | Suspicious. |
| Hold Up | Wait a minute. |
| Ain't It | Not correct, isn't right. |
| Cooking | To create or to generate something special, or to be lying. |
| The sitch | Situation |
| Throwing Shade | Insulting someone. |
| Receipts | Proof, hard facts. |
| Spitting straight facts | Speaking truthfully and accurately. |
| Reaching | Trying to grasp something that is not there, exaggerating. |