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President Trump Making Up Information About Trade In Meeting With Trudeau - Foreign Affairs - Nairaland

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President Trump Making Up Information About Trade In Meeting With Trudeau by Ochoochogift(m): 2:21pm On Mar 15, 2018
President Trump made the shocking admission on Wednesday that he made up information during a meeting with Canadian Prime Minister Justin Trudeau.

During a fundraising speech in Missouri, Trump recalled contradicting Trudeau, who told him Canada didn’t have a trade deficit with the U.S. — even though he had “no idea” whether that was true.

Trump, who was raising money for Republican Senate candidate Josh Hawley, said, “I didn’t even know...I had no idea. I just said, ‘You’re wrong.’ You know why? Because we’re so stupid...And I thought they were smart,’” according to a recording obtained by the Washington Post. “I said, ‘You’re wrong, Justin.’

He said, ‘Nope, we have no trade deficit.’ I said, ‘Well, in that case, I feel differently,’ I said, ‘but I don’t believe it.’ I sent one of our guys out, his guy, my guy, they went out, I said, ‘Check, because I can’t believe it,'" Trump said.

‘Well, sir, you’re actually right. We have no deficit, but that doesn’t include energy and timber. … And when you do, we lose $17 billion a year.’ It’s incredible,” Trump went on to say.

The U.S. has a trade surplus with Canada, which was the country’s second largest trading partner in 2016, according to the Office of U.S.

Read More:-https://ochoochogift..com.ng/2018/03/president-trump-making-up-information.html
Re: President Trump Making Up Information About Trade In Meeting With Trudeau by Nobody: 2:24pm On Mar 15, 2018


Trump May Actually Be Right About the Trade Deficit With Canada

December 12, 2017, 10:00 AM GMT+1

U.S., Canadian data differ by $22.3 billion on overall balance
Each country claims the other is running a trade surplus

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.


https://www.bloomberg.com/news/articles/2017-12-12/trump-may-actually-be-right-about-the-trade-deficit-with-canada

Conclusion: Both Trump and canada president are right. it depends on whether you are Using US data or Canadian data.

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