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Valued Social Butterfly
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Trade Imbalance - another LIE

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   Der persident went out and sold a lot a people a pile of lies.    He then decided to try that on smarter people....he and his fellow travelers have been caught red handed.   

    NAFTA has been an issue that Donald attacked.    His trade guy tried hard, but has been outed as one of Donalds liars.   

 

Basically, the USTR is counting the same goods twice. For example, a Chinese washing machine that passes through the port of Vancouver on its way to the United States is being counted in both the U.S. trade deficit with China and in the U.S. goods deficit with Canada.

And while Lighthizer is counting that washing machine as part of Canada's surplus with the U.S., the product is already paying tariffs as a Chinese import.

The volume of pass-through goods being added to real Canadian exports in the USTR's math is about US$75 billion

 

     According to USTR website, the Canadian trade deficit was $12 B in 2016 - which means that Canada was not harming the US, that is backwards.    

 

   http://www.cbc.ca/news/politics/nafta-us-canada-trade-deficit-numbers-1.4524824  

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