2017-03-07bloomberg.com

When you consider the size of the gaps the U.S. has with some of its biggest trade partners, U.S deficits with Nafta partners Canada and Mexico are relatively minimal. A 65 percentage-point import-export difference favors Ireland in the largest trade deficit of America's 15 top trading partners. A 60 point gap favors China. The U.S. has big imbalances with Japan, Germany and India, too.

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Trump's fixation with renegotiating Nafta is understandable when you consider that trade with Canada and Mexico exceeded $1 trillion last year. But massive trade gaps with China and other countries show that changing Nafta won't get the U.S. much closer to global trade parity.

Trump is fixated with problems he thinks he can tackle... like the previous two presidents invading only countries they thought would be "pushovers"...



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