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Economists Call Trump’s $90B Canada Savings Claim Unfounded

By Drooid · Sep 13, 2026, 1:58 PM UTC · How we work

Summary

Story summary

U.S. President Donald Trump claimed cutting trade with Canada would save $90 billion at Dallas convention on Sept 10, 2026.
Vice President JD Vance echoed claim that tariffs could fund $5,000 cheques to Americans if Republicans keep House control.
The U.S. Trade Representative listed a $3 billion goods trade deficit with Canada in 2025, $20.6 billion including services.
Economists said Trump’s assertion that foreign tariffs would replace the modern U.S. income-tax system is unfounded.

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Story summary

U.S. President Donald Trump claimed cutting trade with Canada would save $90 billion at Dallas convention on Sept 10, 2026.
Vice President JD Vance echoed claim that tariffs could fund $5,000 cheques to Americans if Republicans keep House control.
The U.S. Trade Representative listed a $3 billion goods trade deficit with Canada in 2025, $20.6 billion including services.
Economists said Trump’s assertion that foreign tariffs would replace the modern U.S. income-tax system is unfounded.