Trump again claims U.S. has trade deficit with Canada
“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!” Trump posted on his Twitter account.
Canadian officials say Trump is wrong and that the U.S. has a trade surplus with its northern neighbor.
Even the Office of the U.S. Trade Representative contradicts Trump, confirming that “the U.S. goods and services trade surplus with Canada was $12.5 billion in 2016,” said Canadian foreign affairs spokesperson Adam Austen Thursday in response to Trump’s tweet.
Canadian Transport Minister Marc Garneau, who chairs the cabinet committee on Canada-U.S. relations, backed up Austen’s statement while talking to reporters in Montreal.
“At this point, it’s very important to point out that there is over $2 billion a day of trade between our two countries and overall annually the United States has a small surplus with Canada,” Garneau said.
“So we can talk about balanced trade between the two countries, huge amounts of trade, and this is something we want to continue to improve as we negotiate the NAFTA agreement.” ■