US President-elect Donald Trump recently claimed that the United States is providing massive financial subsidies to Canada and Mexico, totaling $100 billion and $300 billion annually, respectively. Trump suggested that if these countries are benefiting so heavily from the US, they should become part of America.
“We’re subsidizing Canada to the tune of over $100 billion a year and Mexico for almost $300 billion. Why are we doing this? If we’re going to subsidize them, they might as well become a state of the US,” Trump said during an interview with NBC News.
Tariffs as a Solution
Trump, 78, reiterated his plans to impose tariffs on Canada and Mexico if they fail to address issues like illegal immigration into the US through their territories. He defended tariffs as a powerful tool, not just for economic purposes but also for solving broader issues.
“Tariffs don’t cost Americans anything. Instead, they strengthen our economy and solve problems like wars. Properly used, they are an effective negotiating tool,” he said.
Trump dismissed concerns raised by some American CEOs that tariffs could increase costs for consumers, arguing that tariffs have been profitable for the country.
Trump Stance on US Canada Border
Trump criticized both nations for allowing illegal immigrants to cross their borders into the US. He revealed that he had discussed this issue with Canadian Prime Minister Justin Trudeau and the President of Mexico, threatening them with tariffs unless the flow of immigrants is controlled.
“I told them, if this doesn’t stop, I’m going to impose a 25 percent tariff on your countries,” Trump said. He shared that Trudeau had quickly responded to his concerns, flying to Mar-a-Lago for discussions.
Defending Economic Record
Reflecting on his previous term, Trump claimed his tariff policies had been successful despite challenges like the COVID-19 pandemic. He noted that the US economy and stock market were in excellent shape when he handed over the presidency to Joe Biden.
“When I left office, the stock market was higher than before COVID hit. Tariffs, when properly used, can do much more than support the economy; they can also influence political and social issues,” Trump explained.
Trump’s bold statements highlight his aggressive approach to trade and immigration. His suggestion that Canada and Mexico become US states has sparked debates about the role of subsidies and tariffs in international relations. As he prepares for another potential term, his trade policies remain a central theme of his strategy to bolster the US economy.
