{"id":38111,"date":"2018-09-22T06:58:25","date_gmt":"2018-09-22T11:58:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38111"},"modified":"2018-09-22T06:58:25","modified_gmt":"2018-09-22T11:58:25","slug":"trumps-hand-picked-winners-and-losers-china-vs-canada-nafta-threats-and-pg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38111","title":{"rendered":"Trump&#8217;s Hand-Picked Winners and Losers: China vs Canada, NAFTA Threats, and P&#038;G"},"content":{"rendered":"<header>\n<div class=\"story-header-area\">\n<div class=\"clearfix\">\n<div class=\"story-header\">\n<h3><a href=\"https:\/\/moneymaven.io\/mishtalk\/economics\/trump-s-hand-picked-winners-and-losers-china-vs-canada-nafta-threats-and-p-g-rdYcNVuCGECb5JO12bIZ4A\/\">Trump&#8217;s Hand-Picked Winners and Losers: China vs Canada, NAFTA Threats, and P&amp;G<\/a><\/h3>\n<\/div>\n<div class=\"photo\">\n<div class=\"renderable jss553 Center Large show\">\n<figure class=\"image\">\n<div class=\"jss238 picture loaded\"><img decoding=\"async\" class=\"\" title=\"\" src=\"https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F8rkAODhbK0eSJ2hx5eJiUg\" srcset=\"https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F8rkAODhbK0eSJ2hx5eJiUg?w=684&amp;q=40&amp;h=388.01834862385317&amp;auto=format&amp;fit=crop 1x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F8rkAODhbK0eSJ2hx5eJiUg?w=1026&amp;q=30&amp;h=582&amp;auto=format&amp;fit=crop 1.5x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F8rkAODhbK0eSJ2hx5eJiUg?w=1368&amp;q=20&amp;h=776&amp;auto=format&amp;fit=crop 2x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F8rkAODhbK0eSJ2hx5eJiUg?w=2052&amp;q=10&amp;h=1164&amp;auto=format&amp;fit=crop 3x\" alt=\"\" width=\"684\" height=\"388.01834862385317\" \/><\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<section class=\"deck\">As a single country, China is the US&#8217;s largest trading partner but Canada is the largest export partner.<\/p>\n<\/section>\n<\/div>\n<\/header>\n<article class=\"story-body clearfix\">\n<div>\n<div class=\"body\">\n<div class=\"markdown\">\n<div>\n<div>\n<p>As Trump struggles to get a NAFTA deal going on account of Canada, the above chart puts things into perspective.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>Canada is the US&#8217;s largest export partner. Moreover, when it comes to goods (as opposed to goods and services), the US consistently runs a trade surplus with Canada.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"renderable jss553 Center Large show\">\n<figure class=\"image\">\n<div class=\"jss238 picture loaded\"><img decoding=\"async\" class=\"\" title=\"\" src=\"https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F-oV0p245L0OTdc1U-I_3lg\" srcset=\"https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F-oV0p245L0OTdc1U-I_3lg?w=684&amp;q=40&amp;h=371.92499999999995&amp;auto=format&amp;fit=crop 1x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F-oV0p245L0OTdc1U-I_3lg?w=1026&amp;q=30&amp;h=558&amp;auto=format&amp;fit=crop 1.5x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F-oV0p245L0OTdc1U-I_3lg?w=1368&amp;q=20&amp;h=744&amp;auto=format&amp;fit=crop 2x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F-oV0p245L0OTdc1U-I_3lg?w=2052&amp;q=10&amp;h=1116&amp;auto=format&amp;fit=crop 3x\" alt=\"\" width=\"684\" height=\"371.92499999999995\" \/><\/div><figcaption><\/figcaption><\/figure>\n<\/div>\n<div class=\"observable\">\n<div id=\"ast-tag-in-message-3\" class=\"jss415 CONTENT_BREAK_DT ad-unit\"><\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>\u200b<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>The US has had a goods surplus with Canada every month since 1985. Nonetheless, Trump is incredibly annoyed at Canada and threatens to put tariffs on Canadian cars.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>Here&#8217;s the broad picture.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p><strong>US Balance of Trade 2011-2017<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"renderable jss553 Center Large show\">\n<figure class=\"image\">\n<div class=\"jss238 picture loaded\"><img decoding=\"async\" class=\"\" title=\"\" src=\"https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2FGziZ8hUkIUOWqUrUFYkmxg\" srcset=\"https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2FGziZ8hUkIUOWqUrUFYkmxg?w=684&amp;q=40&amp;h=499.5354330708662&amp;auto=format&amp;fit=crop 1x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2FGziZ8hUkIUOWqUrUFYkmxg?w=1026&amp;q=30&amp;h=749&amp;auto=format&amp;fit=crop 1.5x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2FGziZ8hUkIUOWqUrUFYkmxg?w=1368&amp;q=20&amp;h=999&amp;auto=format&amp;fit=crop 2x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2FGziZ8hUkIUOWqUrUFYkmxg?w=2052&amp;q=10&amp;h=1499&amp;auto=format&amp;fit=crop 3x\" alt=\"\" width=\"684\" height=\"499.5354330708662\" \/><\/div><figcaption><\/figcaption><\/figure>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>I created the above chart from downloads of these three Census Department files.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<ul>\n<li><a href=\"https:\/\/www.census.gov\/foreign-trade\/Press-Release\/2014pr\/12\/index.html\"><strong>December 2014 Exhibit 20<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.census.gov\/foreign-trade\/Press-Release\/2017pr\/12\/index.html\"><strong>December 2017 Exhibit 20<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.census.gov\/foreign-trade\/Press-Release\/2018pr\/06\/index.html\"><strong>June 2018 Exhibit 20<\/strong><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p><strong>Notes<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<ul>\n<li>Hong Kong, Singapore, and Taiwan were added in 2015.<\/li>\n<li>The format of the reports changed in 2014, but that link has annual totals that date back to 2011.<\/li>\n<li>Prior to 2014 there was no Exhibit 20 (selected countries).<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p><strong>2018 Subtotals<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"observable\">\n<div id=\"ast-tag-in-message-13\" class=\"jss415 CONTENT_BREAK_DT ad-unit\"><\/div>\n<\/div>\n<div class=\"renderable jss553 Center Large show\">\n<figure class=\"image\">\n<div class=\"jss238 picture loaded\"><img decoding=\"async\" class=\"\" title=\"\" src=\"https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F7te5g9hD_U-8MgpJp-FkCg\" srcset=\"https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F7te5g9hD_U-8MgpJp-FkCg?w=684&amp;q=40&amp;h=383.6487119437939&amp;auto=format&amp;fit=crop 1x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F7te5g9hD_U-8MgpJp-FkCg?w=1026&amp;q=30&amp;h=575&amp;auto=format&amp;fit=crop 1.5x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F7te5g9hD_U-8MgpJp-FkCg?w=1368&amp;q=20&amp;h=767&amp;auto=format&amp;fit=crop 2x, https:\/\/imageproxy.themaven.net\/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F7te5g9hD_U-8MgpJp-FkCg?w=2052&amp;q=10&amp;h=1151&amp;auto=format&amp;fit=crop 3x\" alt=\"\" width=\"684\" height=\"383.6487119437939\" \/><\/div><figcaption><\/figcaption><\/figure>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>Mid-year 2018, the US is still running an overall trade surplus with Canada, so this will likely be the fourth year the US records a trade surplus with Canada (total the first two highlighted columns).<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>Nonetheless, Trump is moaning. And the global chart shows it&#8217;s over very insignificant totals.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>This is the true nature of the &#8220;<em>worst trade deal in history<\/em>&#8221; where Canada is now more important than Mexico.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>NAFTA negotiations are at an impasse.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div>\n<p>As President Trump threatens to ink a deal with Mexico by Sept. 30 and leave Canada behind, the New York Times asks <a href=\"https:\/\/www.nytimes.com\/2018\/09\/21\/us\/politics\/nafta-chrystia-freeland-robert-lighthizer.html\" target=\"_blank\" rel=\"noopener\">Can Nafta Be Saved? These Two Negotiators Are Trying<\/a>.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"observable\">\n<div id=\"ast-tag-in-message-19\" class=\"jss415 CONTENT_BREAK_DT ad-unit\"><\/div>\n<\/div>\n<div class=\"markdown\">\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Trump&#8217;s Hand-Picked Winners and Losers: China vs Canada, NAFTA Threats, and P&amp;G As a single country, China is the US&#8217;s largest trading partner but Canada is the largest export partner. As Trump struggles to get a NAFTA deal going on account of Canada, the above chart puts things into perspective. Canada is the US&#8217;s largest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[103,130,7844,1784,2520,14648,13390,3004,9937,805,4311,827],"class_list":["post-38111","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-canada","tag-china","tag-donald-trump","tag-exports","tag-imports","tag-michael-shedlock","tag-mishtalk","tag-nafta","tag-tariffs","tag-trade","tag-trade-wars","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38111"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38111\/revisions"}],"predecessor-version":[{"id":38112,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38111\/revisions\/38112"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}