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    U.S.-Canada Trade Supports U.S. Manufacturing and Jobs Despite Overall Deficit
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    U.S.-Canada Trade Supports U.S. Manufacturing and Jobs Despite Overall Deficit

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    6 Comments

    1. DefenestrateFriends on

      Which countries are responsible for the greatest proportion of trade deficits in the graph?

    2. lastSKPirate on

      Facts don’t matter in the trade war being started tomorrow. The USA is being lead by a cult that will do anything their master wants, logic be damned.

    3. off_by_two on

      Of course it benefits both parties. Its a symbiotic trade relationship, its maddening that we even have to talk about this.

    5. Frank9567 on

      Much of the US deficit is in oil and gas.

      Much of the US surplus is in services and manufacturing.

      So, cutting the deficit could be done by (Canada, for example) voluntarily reducing the flow of oil and gas into the US.

      Or, if there’s a trade war, (Canada, same example) could retaliate by imposing tariffs on the areas of manufacturing and services, where Canada has less to lose.

      I guess this is why most people don’t agree with tariffs…or trade wars, based simply on a deficit one way or another. The imbalance, such as in oil and gas supply is often beneficial to the importer.