Trump’s trade war with Canada could be a disaster for Chump voters

❝ Canada is one of the US’s largest trade partners, with $673.9 billion worth of goods and services going between the two countries in 2017. Also, contrary to Trump’s attacks, the US maintained an $8.4 billion trade surplus with Canada last year, mostly due to a large advantage in services…

❝ According to US Census Bureau data, Canada was the top export destination for 32 states in 2016, by far the most of any country. So far in 2018, Canada is also the top export destination for US goods, with over $98 billion worth of goods going over the border.

Of the 32 states that count Canada as their biggest export destination, 20 voted for Trump in the 2016 election.

I realize this requires more reflection than “Make America Great Again”. Ignorant may vote stupid and vice versa. It may require further screwing around with the US economy for fiscal pain to manifest in populist households.

3 thoughts on “Trump’s trade war with Canada could be a disaster for Chump voters

  1. morey says:

    Economics is way too boring for most Americans to be interested in. Doesn’t fit the average household’s TV schedule.

  2. Knuckle Up says:

    “China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.” “In an escalating spat over the United States’ trade deficit with most of its major trading partners, including China, U.S. President Donald Trump said last week he was pushing ahead with hefty tariffs on $50 billion of Chinese imports, starting on July 6. China said Friday it would retaliate by slapping duties on several American commodities, including oil.
    “The Chinese may just replace some of the American oil with Iranian crude,” said John Driscoll, director of consultancy JTD Energy Services. “China isn’t intimidated by the threat of U.S. sanctions. They haven’t been in the past. So in this diplomatic spat they might just replace U.S. crude with Iranian oil. That would obviously infuriate Trump,” he said.”
    After Trump threatened another $200 billion in tariffs in response to China’s pledge to match an initial $50 billion in trade sanctions, the Chinese Ministry of Commerce promised quantitative and qualitative retaliatory measures in its response on Tuesday.

    • Keepsies says:

      “China’s Investment in the U.S. Is Collapsing as Trade War Flares” (Bloomberg June 20, 2018) “In the first half of this year, Chinese companies completed acquisitions and greenfield investments worth $1.8 billion, representing a drop of more than 90 percent from the same period in 2017 and the lowest level in seven years …The first-half slump follows a 35 percent fall for all of last year, and the net investment flow is negative if the sale of assets is taken into account — Chinese investors sold $9.6 billion of US assets in the first five months of 2018,”

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