CNN —
When President-elect Donald Trump recently floated the idea of annexing Canada, a key reason he gave was a claim that the United States was “losing $200 billion a year” to its northern neighbor.
Speaking at Mar-a-Lago last week, Trump didn’t specify what constituted the $200 billion, but he used the figure in the context of how the US “subsidized” Canada and also had a “massive” trade deficit for items — such as cars and lumber — that he said the US does not need.
The lion’s share of the $200 billion was
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