Total Trade (Billions)
$579 China
$545 Canada
$525 Mexico
$196 Japan
$164 Germany
USA Trade Deficit (Billions)
$347 China
$ 11 Canada
$ 63 Mexico
$ 69 Japan
$ 65 Germany
Trade Defict as % of Total Trade
59.9% China
2.0% Canada
12.0% Mexico
35.2% Japan
39.6% Germany
So compared to the other major trade partners, NAFTA represents a good deal. Which means the only reason to harp on the trade deficit with Mexico is to reinforce the idea that Mexico should pay for a wall.
Trump is barking up wrong tree on trade deficit
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Re: Trump is barking up wrong tree on trade deficit
> $525 Mexico
Which is why not much will happen, there is too much to loose for both sides.
Which is why not much will happen, there is too much to loose for both sides.