son of witless wrote:
You keep keep running out that " 8 billion dollar surplus in trade with Canada.." shpiel. Well that seems to be largely a matter of opinion.
http://www.bloomberg.com/news/articles/2017-12-12/trump-may-actually-be-right-about-the-trade-deficit-with-canadaAt any rate, whether it is accurate or not, it only takes in one year. According to the article I posted, between 1994 and 2016 by any measuring stick Canada ran an accumulated C$1.2 trillion surplus with the US.
Geeeeee, so lets us look at figggurs. $ 8 Billion MAYBE for 2017. C$1.2 trillion accumulated over 1994-2016.
Maybe it's me or maybe something is lost in the conversion from American dollars to Canadian dollars, but off the top of my head I am guessing C$1.2 trillion is just a tad larger than $ 8 Billion.
You keep keep running out that " 8 billion d... (
show quote)
I think you are a tad correct about which is larger..
NOw I am confused..i had only seen the artile which i quoted from. It is in several publications..
With the one on your link.. from dec 17, now I will have to hope i find something to sort out all the differing figures..
https://www.bloomberg.com/news/articles/2017-12-12/trump-may-actually-be-right-about-the-trade-deficit-with-canadaDoes the U.S. run a trade deficit or surplus with Canada? It depends where you look.
President Donald Trump asserted -- again -- Friday the U.S. runs “a pretty good trade deficit” with Canada. The claim was quickly rebuffed by Canada’s ambassador to the U.S., David MacNaughton, who cited American data saying the opposite was true.
Canadian officials tend to use U.S. data to make their case and the Bureau of Economic Analysis has calculated the U.S. had a $7.7 billion surplus in 2016. But Statistics Canada data show it’s Canada with the surplus in goods and services, totaling C$18.8 billion ($14.6 billion) last year. That’s a $22.3 billion difference between the two measures.
The debate isn’t just academic. The two countries, along with Mexico, are renegotiating the North American Free Trade Agreement, which Trump says needs to be corrected for trade imbalances. A mini-round of talks is happening this week in Washington, but with Canadian and U.S. statistics showing opposite pictures of the status quo any remedy remains unclear.
Does the U.S. run a trade deficit or surplus with Canada? It depends where you look.
President Donald Trump asserted -- again -- Friday the U.S. runs “a pretty good trade deficit” with Canada. The claim was quickly rebuffed by Canada’s ambassador to the U.S., David MacNaughton, who cited American data saying the opposite was true.
Canadian officials tend to use U.S. data to make their case and the Bureau of Economic Analysis has calculated the U.S. had a $7.7 billion surplus in 2016. But Statistics Canada data show it’s Canada with the surplus in goods and services, totaling C$18.8 billion ($14.6 billion) last year. That’s a $22.3 billion difference between the two measures.
The debate isn’t just academic. The two countries, along with Mexico, are renegotiating the North American Free Trade Agreement, which Trump says needs to be corrected for trade imbalances. A mini-round of talks is happening this week in Washington, but with Canadian and U.S. statistics showing opposite pictures of the status quo any remedy remains unclear.
MacNaughton zeroed in on the issue last week when he took to Twitter in response to Trump. The ambassador also noted a $36 billion U.S. surplus in manufacturing in a Bloomberg TV interview Thursday, again citing American data. “If what the U.S. is interested in is trade balances, I’d really like to see some proposals come as to how to right the trade balance between Canada and the United States, which is in your favor.”
Trump’s Numbers
Since it’s the Trump administration crying foul, Canadian officials say it’s only fair to use the U.S. government’s own assessment of trade imbalances.
“Canada does not see trade balances as a useful measure of the benefits of trade, but since the U.S. does, we’re using their own data that clearly states the United States has a trade surplus with Canada,” Adam Austen, a spokesman for Foreign Affairs Minister Chrystia Freeland, said in an emailed statement.