Trump May Actually Be Right About the Trade Deficit With Canada
- U.S., Canadian data differ by $22.3 billion on overall balance
- Each country claims the other is running a trade surplus
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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.