POST Online Media Lite Edition



 

Trump again claims U.S. has trade deficit with Canada

Staff Writer |
President Donald Trump insisted that the U.S. has a trade deficit with Canada, a claim Canadians fear may interfere with negotiations on a new North American Free Trade Agreement (NAFTA).

Article continues below




“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.”


What to read next

Trump urges India to ease trade barriers for U.S. exports
New Trump orders: Do some checking, maybe our partners cheat on us...
U.S. accuses South Korea of imposing trade barriers on cars