Trump, who has imposed 25% tariffs on almost all products imported from Canada, has repeatedly said this year that the US has a “$200 billion” trade deficit with Canada – sometimes making the claim explicitly and sometimes using vaguer language about a supposed $200 billion subsidy or loss to Canada.

The temporary pauses followed leaders from Mexico, Canada, and China all vowing to take retaliatory action. Start the day smarter. Get all the news you need in your inbox each mor