With a guys like Trump running the narrative who needs facts?
If I remember correctly Clocker brought up our service exports in this country and not a peep from the tariff folks.
Trump keeps making a wildly misleading claim about trade between the US and Canada
Quote:
"We have large trade deficits with Mexico and Canada," Trump said. "NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed."
...
According to the US Trade Representative, the US actually maintained a $12.5 billion trade surplus with Canada in 2016, the most recent data available.
The US did run a goods deficit of $12.1 billion, but it made up for it with a $24.6 billion surplus in services trade, such as intellectual property and travel.
Even looking strictly at goods, the deficit is not large compared with years past. Commerce Department data shows that the 2016 deficit was the smallest since 1993 and well down from a peak of $78.5 billion in 2005.
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