Taking a look at our 2024 deficit trade imbalance with Canada, Mexico, and Germany I don't see any problem or for the need for tariffs when it comes to such nations.
Let's not fail to take into consideration the populations of the countries.
USA: 340 million
Canada: 40 million
Mexico: 131 million
Germany: 83 million
Looking at the Export/Import figures for the countries above:
Canadians in 2024 on a per capita basis purchased $8,748 worth of American goods and services
Americans purchases of Canadian products on that per capita basis amounted to merely $1,211
Mexicans on that per capita basis bought $2,550 from us and sold to us $1,487
Germans per capita bought $912 from us and sold to us $472
The notion I have is our trade problem is pretty much restricted to Asia.
Am I wrong here?
Let's not fail to take into consideration the populations of the countries.
USA: 340 million
Canada: 40 million
Mexico: 131 million
Germany: 83 million
Looking at the Export/Import figures for the countries above:
Canadians in 2024 on a per capita basis purchased $8,748 worth of American goods and services
Americans purchases of Canadian products on that per capita basis amounted to merely $1,211
Mexicans on that per capita basis bought $2,550 from us and sold to us $1,487
Germans per capita bought $912 from us and sold to us $472
The notion I have is our trade problem is pretty much restricted to Asia.
Am I wrong here?