Since this topic continues to run daily news headlines, I found this bit interesting (chart below)…
Why do we never hear anything about Vietnam, Ireland, Germany, Taiwan, Japan, and South Korea who all have larger trade deficits than Canada?
By the way, it only stands to reason that we will have trade deficits with smaller sized nations. We are a nation of 330 million people, Canada for example has a population of just 40 million. We need far more goods than Canada does.
Something to chew on.
Details: https://www.visualcapitalist.com/sp/trade-tug-of-war-americas-largest-trade-deficits/