The US has a really serious problem on their hands which is that their trade war won’t achieve anything. The US doesn’t make anything, it famously doesn’t make anything, the only reason that they trade with Canada is because Canada is close. Even then it’s mostly just food stuffs which Canada can make themselves.
But they have virtually nothing to offer internationally hence the trade deficit, that trump is so upset about, in the first place
But they have virtually nothing to offer internationally hence the trade deficit, that trump is so upset about, in the first place
I don’t think it’s fair to say that America makes nothing. A big part of that trade deficit (certainly with Canada) is down to the relative size of the consumer markets - America has a population of over 330 million people to Canada’s 40 million so of course America will be a net importer of Canadian goods.
The US has a really serious problem on their hands which is that their trade war won’t achieve anything. The US doesn’t make anything, it famously doesn’t make anything, the only reason that they trade with Canada is because Canada is close. Even then it’s mostly just food stuffs which Canada can make themselves.
But they have virtually nothing to offer internationally hence the trade deficit, that trump is so upset about, in the first place
I don’t think it’s fair to say that America makes nothing. A big part of that trade deficit (certainly with Canada) is down to the relative size of the consumer markets - America has a population of over 330 million people to Canada’s 40 million so of course America will be a net importer of Canadian goods.
Doesn’t explain Europe though. European market in the American market are almost identical in terms of population size.