Boo-hoo, Canada is such meenies!
The Canadian government has disputed Trump’s frequent claim that the U.S. “loses” money on trade with Canada. When services trade is counted, the U.S. has a trade surplus with Canada, not a deficit.
“The sum of our trade, including both goods and services, is essentially balanced. In fact, in 2016, the U.S. enjoyed a trade surplus with Canada of close to $8 billion (U.S.). In manufactured goods, your surplus was nearly $36 billion,” Prime Minister Justin Trudeau said in a speech Friday at the Ronald Reagan Presidential Library in California. “Those are American numbers, by the way, from the U.S. Bureau of Economic Analysis, in the Department of Commerce.”
The main problem is that Trump’s monkeys are counting third party imports that pass through Canada twice. Chinese refrigerators that pass through Canada are counted against China and against Canadian trade.