Fact Check: "U.S.-Canada goods trade reached $762 billion last year."
What We Know
The claim that "U.S.-Canada goods trade reached $762 billion last year" is supported by data from the United States Trade Representative, which states that total goods trade between the U.S. and Canada was estimated at $762.1 billion in 2024. This figure includes U.S. goods exports to Canada totaling $349.4 billion and U.S. goods imports from Canada amounting to $412.7 billion (Canada | United States Trade Representative). The data indicates a slight decrease in both exports and imports compared to the previous year, but the overall trade figure remains substantial.
Analysis
The source of this claim, the United States Trade Representative, is a credible government agency responsible for developing and recommending U.S. trade policy. The data provided is based on official trade statistics, making it a reliable source for understanding trade dynamics between the U.S. and Canada. The reported figures align with historical trends, as Canada has consistently been one of the top trading partners for the United States, with significant integration in various sectors, including automotive and energy (Canada | United States Trade Representative).
Furthermore, the U.S. Census Bureau also provides trade data, which corroborates the figures presented by the United States Trade Representative. While the Census Bureau's specific data for 2024 is not yet available, historical data trends support the claim that trade levels are consistent with the reported figures (Trade in Goods with Canada Available years: 2025 | 2024).
The reliability of the claim is further reinforced by the context of the U.S.-Canada trade relationship, which has been shaped by agreements such as the United States-Mexico-Canada Agreement (USMCA). This agreement facilitates trade and has been in effect since July 1, 2020, ensuring that trade flows remain robust between the two nations (Canada | United States Trade Representative).
Conclusion
Verdict: True. The claim that "U.S.-Canada goods trade reached $762 billion last year" is accurate based on credible sources and official trade statistics. The data reflects the ongoing strong trade relationship between the two countries, supported by historical trends and government reports.
