Laodicean60
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- Jul 2, 2023
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FAITH-IN-HIM said:Fair? What are you talking about?
In international diplomacy, fairness is not a concern; it is about mutual agreements. Each country attempts to maximize its benefits in negotiations.
"Perhaps President Trump and his supporters need to understand basic math. Canada has 300 million fewer citizens than America, so a $200 billion trade deficit is normal. 41 million Canadians cannot consume as much as 341 million Americans."
In 2023, Canada imported roughly US $354.4 billion of goods from the United States (i.e. U.S. exports to Canada) Wikipedia. Over the same period, Canada’s average effective applied tariff rate on all imports—which reflects the very low rates under USMCA plus WTO “most-favoured-nation” duties on a small swath of products—was just 0.1 percent wto.org.
Putting those two figures together:
US $354.4 billion × 0.1 percent ≈ US $354 million
So, on the order of US $350 million of tariff revenue was collected by Canada on U.S. exports in 2023.
I get that we are a consumer nation to our detriment because of our lack of an industrial policy, and China is the opposite. This admin is trying to bring back some manufacturing, and for good reason now that China is rattling its swords.
I agree that negotiations have to take place, and Trump won't get all that he wants; that's common sense. I've never gotten what I wanted when I sold something But 350 million adds up as the years go on, and if we can reduce that, it's to our benefit after all, they didn't have to spend on military with us as their neighbors, and Trump mentioned that in the press conference.
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