Canada's Economy Holds Sway Over US Despite Trump's Claims
US President Donald Trump's claim that his country doesn't need Canada has been met with skepticism by many, including Daniel Béland, a political science professor at McGill University. The two countries have a deeply intertwined economy, with Canada being the second-largest US trading partner after Mexico.
Last year, they exchanged about $872 billion in goods and services, with Canadian crude imports accounting for nearly 20% of total US petroleum consumption. This reliance on Canadian oil is not limited to energy; Canada also supplies aluminum, potash, and parts for the auto industry built on both sides of the border.
Trump himself acknowledged this week that the US needs Canadian aluminum, stating 'This country desperately needs aluminum. We don't have it. We get it all from Canada for the most part, and we need it badly.'
The White House has portrayed the relationship in negative terms, citing a $50 billion annual trade deficit with Canada over the past decade. However, much of this gap reflects US purchases of Canadian energy, which helps power the US economy.