Fact Sheet - President Donald J. Trump Is Strengthening Our Vital Economic Ties and Close Alliance with Canada

CLOSE FRIENDS AND ALLIES: The United States and Canada are enduring allies bound by history, shared values, and an unparalleled partnership.

• Today, President Trump is meeting with Prime Minister Trudeau of Canada to build upon the deep partnership and cooperation between our two nations.
• The United States and Canada share the longest international border in the world, maintaining a vital flow of goods, services, and people between our two countries.
• The United States and Canada have deep economic ties and a vital trading relationship that will only grow stronger under the new United States-Mexico-Canada Agreement (USMCA).
• Canada is a critical partner in advancing democracy, security, and prosperity in the Western Hemisphere and across the globe.

STRENGTHENING VITAL ECONOMIC TIES: The United States and Canada are expanding our strong economic ties and promoting prosperity in both our countries through USMCA.

• The United States and Canada enjoy the world's largest and most comprehensive trade and investment relationship, supporting millions of jobs in our two countries.
  • United States goods and services trade with Canada totaled more than $700 billion in 2018.
  • Canada was the United States' largest goods export market in 2018 and the largest foreign trading partner for 33 states.
  • The United States and Canada had more than $844 billion invested in one another's economies as of 2017.
• Our two countries' deep economic ties will only become stronger under the new USMCA, which will be the largest trade agreement in history.
  • USMCA contains the strongest and most comprehensive labor and environmental chapters of any trade agreement ever negotiated.
  • The agreement is a huge win for American auto workers, as it will generate $34 billion in new investments and 76,000 new jobs in the auto industry across the United States.
  • The agreement will incentivize the use of high-wage labor in auto manufacturing.
  • Thanks to USMCA, American farmers and ranchers will have access to an expanded, fairer market to export their goods.

STANDING TOGETHER FOR DEMOCRACY AND SECURITY: The United States and Canada are key allies in supporting security, democracy, and the rule of law.

• Canada is a critical partner in advancing security and democracy throughout the world and our troops have fought side by side on numerous occasions.
• Our defense arrangements with Canada are more extensive than with any other country.
  • Our two nations uphold and defend security through the North American Aerospace Defense Command (NORAD) and the North Atlantic Treaty Organization (NATO).
• Together, we are working to defend human rights in the Western Hemisphere by standing up to the corrupt regimes in Venezuela, Nicaragua, and Cuba.
• The United States and Canada are working together to achieve the denuclearization of North Korea.