Comment Re: Isn't a trade imbalance just a better capitali (Score 2) 104
It's not even as simple as that. There are countries that's he's claim trade imbalances with that are just not as large as the USA.
Look at Canada. He claims a huge trade imbalance. Last year Canada imported US$274.39 billion from the USA. The USA imported US$421.21 billion from Canada. This has Trump screaming trade imbalance, and isn't fair. Except Canada has a population of around 40 million, and the USA has a population of around 341 million. A larger market of course will import more.
But let's look at the trade numbers now. 40 million Canadians importing US$274.39 billion of imports means that the average Canadian is importing US$6,859.75. 341 million Americans importing US$421.21 billion of imports means that the average American is importing US$1235.21. This means that the average Canadian is importing 5.5 times as much from the USA as an American is importing from Canada. This is a huge trade imbalance, in the USA's favour. They are just trying to ignore that they have a larger market, and somehow a market that is x8.5 smaller should somehow have the same purchasing requirements and volume. This isn't realistic.
Look at Canada. He claims a huge trade imbalance. Last year Canada imported US$274.39 billion from the USA. The USA imported US$421.21 billion from Canada. This has Trump screaming trade imbalance, and isn't fair. Except Canada has a population of around 40 million, and the USA has a population of around 341 million. A larger market of course will import more.
But let's look at the trade numbers now. 40 million Canadians importing US$274.39 billion of imports means that the average Canadian is importing US$6,859.75. 341 million Americans importing US$421.21 billion of imports means that the average American is importing US$1235.21. This means that the average Canadian is importing 5.5 times as much from the USA as an American is importing from Canada. This is a huge trade imbalance, in the USA's favour. They are just trying to ignore that they have a larger market, and somehow a market that is x8.5 smaller should somehow have the same purchasing requirements and volume. This isn't realistic.