--- title: "Canada-US trade fell by $1.9bn in two years as vehicle exports dropped" publication: "MediaBias News" url: "https://mediabias.news/business/canada-us-trade-fell-by-19bn-in-two-years-as-vehicle-exports-dropped" api: "https://mediabias.news/api/v1/stories/canada-us-trade-fell-by-19bn-in-two-years-as-vehicle-exports-dropped" markdown: "https://mediabias.news/business/canada-us-trade-fell-by-19bn-in-two-years-as-vehicle-exports-dropped.md" audio: "https://mediabias.news/api/audio/canada-us-trade-fell-by-19bn-in-two-years-as-vehicle-exports-dropped" category: "Business & Economy" area: "United States" published: "2026-08-05T20:05:37.017Z" source_reported: "2026-08-05T19:07:09.000Z" updated: "2026-08-05T20:05:37.017Z" trust_score: 76 critic_score: 95 hype_score: 15 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-08-05T21:00:21.310400+00:00" --- # Canada-US trade fell by $1.9bn in two years as vehicle exports dropped *Motor vehicles and parts saw the largest decline, while precious metals and cocoa trade rose* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 76 of 100, higher is better. Rachael Dolan, Global Affairs Canada spokesperson, provides a named source and specific trade figures. - Craft 95 of 100, higher is better. Article offers context, quotes a source, includes detailed data and outlines upcoming trade talks. - Hype 15 of 100, lower is better. Headline matches the article; language is measured without sensationalism. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - Canada’s trade with the US fell by $1.9 billion between Q1 2024 and Q1 2026, reaching $322.8 billion in early 2026. - The largest decline was in motor vehicles and parts, which dropped 18.9% or $6.7 billion over the two years. - Exports to the US decreased by 1.6%, while imports rose by 0.6%, narrowing the trade surplus. - The US is increasing pressure on Canada ahead of formal talks on the Canada-US-Mexico trade agreement. Canada’s trade with the United States fell by $1.9 billion between the first quarter of 2024 and the first three months of 2026. The total value of goods and services traded in Q1 2026 was $322.8 billion, according to Global Affairs Canada. Exports to the US declined by 1.6%, or $2.8 billion, while imports rose by 0.6%, or $935 million. The largest decline in two-way trade was in motor vehicles and parts, which fell by 18.9%, or $6.7 billion. Other sectors saw declines: iron and steel trade dropped 43.5%, and mineral fuels and oils fell 3.3%. Precious stones and metals rose by $2.8 billion, and cocoa and related products increased by 52%. Aircraft and parts trade grew by 15.5%. The US is increasing pressure on Canada ahead of formal talks on the Canada-United States-Mexico Agreement (CUSMA). US President Donald Trump has threatened new tariffs on Canadian goods. In 2024, Canada exported $709.6 billion in goods and services to the US and imported $618.3 billion. By 2025, exports fell to $683.3 billion, and imports declined to $604.1 billion. ## What the coverage left out No right-rated outlet ran this story at all. None of the digests from left-rated or centre-rated outlets mentioned the 2024 and 2025 annual trade figures, which were included in CTV News’s full report. The left-rated digests also omitted all sector-specific changes. ## Who covered it Shares of the 7 covering outlets with a published leaning rating: - Left: 43% (3) - Centre: 57% (4) - Right: 0% (0) 0 of 7 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-08-05T21:00:21.310400+00:00. **Coverage watch:** developing. Checked 7 times; 0 checks found a material change. Most recently checked 2026-08-05T21:45:31.700Z. ## How the sides framed it ### Left - The two left-rated digests led on the overall decline in Canada-US trade, stating the $1.9 billion drop between Q1 2024 and Q1 2026. Neither digest mentioned the sector-specific changes, such as the decline in motor vehicles or the rise in precious metals trade. ### Centre - CTV News, the only centre-rated outlet with a full report, led on the $1.9 billion decline and detailed the sector-specific changes. It reported the 18.9% drop in motor vehicles and parts, the rise in precious metals and cocoa trade, and the US pressure ahead of CUSMA talks. The four centre-rated digests all stated the $1.9 billion decline but did not include sector-specific details. - The Globe & Mail’s digest was the only one to mention the 18.9% decline in motor vehicles and parts, though it did not provide the $6.7 billion figure. The other centre-rated digests did not include any sector-specific data. ### Right No separate framing summary. **Provisional coverage gap:** right. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - high: 5 - veryHigh: 2 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [Radio-Canada](https://ici.radio-canada.ca/nouvelle/2273606/recul-commerce-canada-etats-unis-2-milliards) — Trade Between Canada and the United States in Decline - [The Globe & Mail](https://theglobeandmail.com/canada/article-canada-us-trade-drops-trump-tariffs) — Canada-U.S. trade drops almost $2-billion since early 2024, data show - [CTV News](https://ctvnews.ca/canada/article/canada-us-trade-down-almost-2-billion-since-early-2024) — Canada-U.S. trade down almost $2B in two years - [SooToday.com](https://sootoday.com/national-news/canada-us-trade-down-almost-2-billion-since-early-2024-12630558) — Canada-U.S. trade down almost $2 billion since early 2024 - [Castanet](https://castanet.net/news/Business/627087/Canada-U-S-trade-down-almost-2-billion-since-early-2024) — Canada-U.S. trade down almost $2 billion since early 2024 - [City News](https://toronto.citynews.ca/2026/08/05/canada-u-s-trade-down-almost-2-billion-since-early-2024) — Canada-U.S. trade down almost $2 billion since early 2024 - [La Presse](https://lapresse.ca/affaires/economie/2026-08-05/le-commerce-entre-le-canada-et-les-etats-unis-a-recule-de-pres-de-2-milliards-depuis-2024.php) — Canada-U.S. Trade Has Declined by Almost $2 Billion Since 2024 ## Questions **How much did Canada-US trade decline between Q1 2024 and Q1 2026?** Canada’s trade with the US fell by $1.9 billion between the first quarter of 2024 and the first three months of 2026. The total value of goods and services traded in Q1 2026 was $322.8 billion, down 0.6% from the same period in 2024. **Which sector saw the largest decline in Canada-US trade?** Motor vehicles and parts saw the largest decline, falling by 18.9% or $6.7 billion between Q1 2024 and Q1 2026. Iron and steel trade also dropped by 43.5%, and mineral fuels and oils declined by 3.3%. **Did any sectors see an increase in Canada-US trade?** Yes, precious stones and metals rose by $2.8 billion, cocoa and related products increased by 52%, and aircraft and parts trade grew by 15.5%. Exports of salts, sulphur, earth, stone and cement also rose by 57.9%. **What is the US doing ahead of CUSMA talks?** The US is increasing pressure on Canada ahead of formal talks on the Canada-United States-Mexico Agreement (CUSMA). US President Donald Trump has threatened to impose new tariffs on Canadian goods. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/canada-us-trade-fell-by-19bn-in-two-years-as-vehicle-exports-dropped. Please cite as: MediaBias News, "Canada-US trade fell by $1.9bn in two years as vehicle exports dropped", https://mediabias.news/business/canada-us-trade-fell-by-19bn-in-two-years-as-vehicle-exports-dropped