Global trade deficits and surpluses by president
February 7, I will say this about President Donald Trump, the man provides lots of teaching moments, even if he is oblivious to the lessons himself. Trade flows are determined mostly by demand and transportation links.
In that global trade deficits and surpluses by president, there can be only a winner and a loser. Trump promised voters that he would correct the deficit. Soon after inauguration, he quit the Trans-Pacific Partnership. The Commerce Department reported Tuesday that the U. If Trump had any shame, he might be embarrassed. The presidential Twitter account made no mention of latest trade data. The risk is a bigger deficit only will encourage him to try harder to reverse it.
Just last week in Montreal, Robert Lighthizer, the U. After observing that the deficit in goods traded between the U.
Would Canada not ask this same question if the situation were reversed? So we need to modernize and we need to rebalance. In fact, here in Canada, we stopped asking those sorts of questions roughly three decades ago. Good thing, too, or we might be susceptible to the same sort of demagoguery that conned so many Americans in Global trade deficits and surpluses by president Canada also released new export-and-import data on Tuesday. Thanks to energy, we have an overall surplus with the U.
At the same time, imports of machinery and equipment jumped at the end of the year, a sign that Canadian companies are gearing up to take advantage of stronger economic growth. Another noticeable shift came in the numbers for Global trade deficits and surpluses by president. Imports of automobiles from Germany led a nearly 7-per-cent jump in imports from non-U.
The latest trade data are incomplete because they exclude services, an area of strength for Canada in recent years. Refreshingly, these sorts of numbers are met with calls to work harder, not gripes about how the game must be rigged. How is Donald Trump's plan to correct the U. Filed under News Economy. Trump's obsession with the U. Take his obsession with the trade deficit. New data show what it will take to reverse U.
The acquisition allows the Oslo-based Helly Hansen team to market and develop new products and advise Canadian Tire on a raft of different products. Collapse of the Venezuelan oil industry and possible decline in Iranian exports could make it a reality soon. Find Financial Post on Facebook.
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