Trump Criticizes U.S.-Canada Trade

This is a Canada news story, published by financialpost, that relates primarily to Donald Trump news.

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Canadian trade

financialpost

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Business

Business & Economics

Posthaste: 5 charts that challenge Trump's trade tirades about Canada

Summary

Nutrition label

72% Informative

Donald Trump has said the U.S. has a “massive” trade deficit with Canada , meaning Canada exports more to the US than it imports.

Canada is the largest export market for the US and makes up one of the smallest trade deficits, says Toronto-Dominion Bank .

But trade deficits are n’t just about the selling of goods and services, they’re linked to consumer spending, investments, and government deficits, an economist says.

Donald Trump has repeatedly said the U.S. does n’t need Canada ’s oil, lumber or cars that are manufactured here.

TD economists say that figure is exaggerated by about 10 percentage points.

China produces more than 50 per cent of the critical minerals that are needed to manufacture everything from cellphones to artificial intelligence chips to defence industry products.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful