- Thread starter
- #321
More of Trump's tweets that should 'challenge us'
We do have a Trade Deficit with Canada, as we do with almost all countries (some of them massive). P.M. Justin Trudeau of Canada, a very good guy, doesn’t like saying that Canada has a Surplus vs. the U.S.(negotiating), but they do...they almost all do...and that’s how I know!
— Donald J. Trump (@realDonaldTrump) March 15, 2018
“We have tremendous losses with Mexico and losses with Canada, and covered by NAFTA. Last year, we lost approximately $71 billion in trade deficit; we have a trade deficit with Mexico of $71 billion. With Canada, it was about $17 billion.”
Reality check: No, the U.S. doesn’t have a $17B trade deficit with Canada
Those numbers differ from numbers provided by Statistics Canada, and the Office of the United States Trade Representative – both say the U.S. has a trade surplus with Canada, to the amount of US$12 billion.
Yes, the President really blew it this time, but not by overstating the trade deficit with Canada but by likely understating it.
Why America Can't Just Make Everything It Needs