4 ms·

There is no trade deficit with Canada.

defertoreptar 8y ago
I believe you're referring to the USA's "aggregate sales surplus," which measures both direct trade and sales of multinational companies--a headline making rounds on the news this past week. These numbers include items made in China, by Chinese jobs, using Chinese components, under a US company name. It uses total sales, and not net revenue, which would change the picture by a great deal.
- echotango 8y ago
  Lol people won't actually address your point they just downvote your post. Hn is very classy when people bring up politics
  - s73v3r_ 8y ago
    No, we just don't want to waste our time arguing with someone who very clearly is not doing so in good faith.
    - defertoreptar 8y ago
      > very clearly is not doing so in good faith. I'm confused. What do you mean by that?
      - echotango 8y ago
        He means he disagrees with the people he downvotes. Afterall, anyone acting in good faith would agree with him lol
        s73v3r_ 8y ago
        No, not in the least. But persons who can't even be counted on to not make up their own facts are clearly not acting in good faith.
      - s73v3r_ 8y ago
        There is no trade deficit with Canada. At all. Claiming there is one, in the face of all facts to the contrary, is not having a discussion in good faith.
        defertoreptar 8y ago
        So instead of enlightening me with these facts, you accuse me of acting in bad faith? I was under the impression that there was a trade deficit with Canada given the evidence I have found: https://www.census.gov/foreign-trade/balance/c1220.html https://www.census.gov/foreign-trade/balance/c1220.html . jeromegv said there was no trade deficit with Canada, so I assumed good faith and responded to him/her under the pretense that they were referring to the "aggregate sales surplus" figure that has been in the news recently. Can you please help me understand how I have ignored facts and acted in bad faith? I would like to fix this problem, but I do not understand where to begin.
        DomreiRoam 8y ago
        My understanding is that your reference doesn't include services. I find this: https://www.usitc.gov/publications/industry_econ_analysis_332/2017/canada.htm https://www.usitc.gov/publications/industry_econ_analysis_33... and a synthesis by the WP: https://www.washingtonpost.com/news/politics/wp/2018/06/11/what-u-s-trade-with-canada-actually-looks-like/?utm_term=.526c2c88fe54 https://www.washingtonpost.com/news/politics/wp/2018/06/11/w... It seems that US and Canada trade is globally balanced.
        defertoreptar 8y ago
        You're right. It looks like US - Canada services trade surplus makes up for the goods deficit.
adventured 8y ago
There was a cumulative $370 billion trade deficit going back to 2007, and a nearly $800 billion trade deficit back to year 2000. There has been a trade deficit with Canada every year the past 30+ years, including so far in 2018. [1] How would Canada like to run a $800 billion trade deficit with the US over the next 17 years? You know, just to make things fair over time. Didn't think so. On the upside, the trade deficit has narrowed from a common $30 billion five years ago, to more like $10 to $15 billion. That's a pretty happy result if you're the US, given it's a consumption engine (lower domestic savings at the median, higher consumption rate, which pushes up demand for imports in most cases). [1] https://www.census.gov/foreign-trade/balance/c1220.html https://www.census.gov/foreign-trade/balance/c1220.html
- ska 8y ago
  Funnily enough, the US numbers show a trade deficit with Canada, and the Canadian numbers show a trade deficit with the US. Who knew - it turns out that how you compute these things gives you the ability to wiggle a bit. What is generally accepted though, is that internationally speaking the US and Canada are one of the most balanced know of, over long periods, and for major trading partners. Pretending otherwise is just serving partisan politics at this point.
- DomreiRoam 8y ago
  It doesn't count services. I did find a useful link when I wanted to respond to another comment : https://www.usitc.gov/publications/industry_econ_analysis_332/2017/canada.htm https://www.usitc.gov/publications/industry_econ_analysis_33...

I believe you're referring to the USA's "aggregate sales surplus," which measures both direct trade and sales of multinational companies--a headline making rounds on the news this past week. These numbers include items made in China, by Chinese jobs, using Chinese components, under a US company name. It uses total sales, and not net revenue, which would change the picture by a great deal.

echotango 8y ago
Lol people won't actually address your point they just downvote your post. Hn is very classy when people bring up politics
- s73v3r_ 8y ago
  No, we just don't want to waste our time arguing with someone who very clearly is not doing so in good faith.
  - defertoreptar 8y ago
    > very clearly is not doing so in good faith. I'm confused. What do you mean by that?
    - echotango 8y ago
      He means he disagrees with the people he downvotes. Afterall, anyone acting in good faith would agree with him lol
      - s73v3r_ 8y ago
        No, not in the least. But persons who can't even be counted on to not make up their own facts are clearly not acting in good faith.
    - s73v3r_ 8y ago
      There is no trade deficit with Canada. At all. Claiming there is one, in the face of all facts to the contrary, is not having a discussion in good faith.
      - defertoreptar 8y ago
        So instead of enlightening me with these facts, you accuse me of acting in bad faith? I was under the impression that there was a trade deficit with Canada given the evidence I have found: https://www.census.gov/foreign-trade/balance/c1220.html https://www.census.gov/foreign-trade/balance/c1220.html . jeromegv said there was no trade deficit with Canada, so I assumed good faith and responded to him/her under the pretense that they were referring to the "aggregate sales surplus" figure that has been in the news recently. Can you please help me understand how I have ignored facts and acted in bad faith? I would like to fix this problem, but I do not understand where to begin.
        DomreiRoam 8y ago
        My understanding is that your reference doesn't include services. I find this: https://www.usitc.gov/publications/industry_econ_analysis_332/2017/canada.htm https://www.usitc.gov/publications/industry_econ_analysis_33... and a synthesis by the WP: https://www.washingtonpost.com/news/politics/wp/2018/06/11/what-u-s-trade-with-canada-actually-looks-like/?utm_term=.526c2c88fe54 https://www.washingtonpost.com/news/politics/wp/2018/06/11/w... It seems that US and Canada trade is globally balanced.
        defertoreptar 8y ago
        You're right. It looks like US - Canada services trade surplus makes up for the goods deficit.

adventured 8y ago

There was a cumulative $370 billion trade deficit going back to 2007, and a nearly $800 billion trade deficit back to year 2000. There has been a trade deficit with Canada every year the past 30+ years, including so far in 2018. [1] How would Canada like to run a $800 billion trade deficit with the US over the next 17 years? You know, just to make things fair over time. Didn't think so. On the upside, the trade deficit has narrowed from a common $30 billion five years ago, to more like $10 to $15 billion. That's a pretty happy result if you're the US, given it's a consumption engine (lower domestic savings at the median, higher consumption rate, which pushes up demand for imports in most cases). [1] https://www.census.gov/foreign-trade/balance/c1220.html https://www.census.gov/foreign-trade/balance/c1220.html

ska 8y ago
Funnily enough, the US numbers show a trade deficit with Canada, and the Canadian numbers show a trade deficit with the US. Who knew - it turns out that how you compute these things gives you the ability to wiggle a bit. What is generally accepted though, is that internationally speaking the US and Canada are one of the most balanced know of, over long periods, and for major trading partners. Pretending otherwise is just serving partisan politics at this point.
DomreiRoam 8y ago
It doesn't count services. I did find a useful link when I wanted to respond to another comment : https://www.usitc.gov/publications/industry_econ_analysis_332/2017/canada.htm https://www.usitc.gov/publications/industry_econ_analysis_33...