Trade deficits are not inherently bad things especially when one considers economies of scale. For example a country like Canada which is roughly 9 times smaller than the US in terms of population, is not going to consume at the same rate.
Therefore trying to eliminate all trade imbalances shows a lack of understanding of economics which is what Trumpism is all about. The idea is to crush and to see trade partners as adversaries rather than as allies. Mutually beneficial arrangements are not the goal.
The point is to win and gloat which comes from the psychopathy of the man-child president.
As example, the Kentucky bourbon industry has taken a massive hit because, as retaliation for tariffs and the 51st state rhetoric, Canadians stopped buying US alcohol. Who is the largest consumer of their product outside the US? we are.
The Trump regime is using a clumsy sledgehammer approach to trade that will ultimately leave them isolated.
US farmers voted heavily in favor of Trump who has been doing everything but help them. They fell for the rhetoric and many are going bankrupt as rising cost of fertilizer (Hormuz closure), rising cost of farm equipment (tariffs) and markets for their crops (like soy beans) decrease.
When Trump leaves office he will have left everything worse than when he entered it. But many will never allow reality get in the way of dogma which is a real shame.
Happy Canada day :)
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