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U.S. President Donald Trump has raised valid concerns regarding America's trade deficit with Canada, focusing specifically on the energy sector. Canadian oil and gas are reportedly sold at substantial price discounts to American refineries and LNG (liquefied natural gas) plants. This situation is characterized as a 'ripoff' where Canada is not receiving fair value for its resources.
The assertion is that the current approach is detrimental to Canada’s economic well-being, primarily due to a rigid adherence to environmental standards, which some critics label as "fanatical and stupid." This has led to a substantial portion of Canadian energy being sold exclusively to U.S. customers, limiting Canada's ability to market and profit from its resources globally.