Quote:
Originally Posted by TrentCrimmIndependent
And the unfair trade deficit.
How do you expect a nation with 1/10 of your population to import more than you do.
There's a fraction of people there to buy the products lol.
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Lots of reasons for trade imbalances. The population of a country impacts both its exports and imports and the smaller country isn't necessarily going to have a trade surplus.
The biggest reason for the imbalance right now is that the American economy is outperforming Canada, so Americans have more money to spend.
Trudeau is right though. Canada is probably the best choice for the Americans to have a trade imbalance with. And it's not even that big, mainly due to energy. The imbalance has grown since the pandemic as the US economy has boomed.