Our Trade Relationship With Canada In 2 Charts and 200 Words

I know this happened a million years ago and was just meaningless idiocy, but just for the record, here is Canada’s trade balance with the United States in dairy products:

Yes, they protect their dairy market. So do we. In fact, we protect ours more, which is why Canada runs a persistent trade deficit with the US in dairy products.

As for the bigger picture, it’s true that the US runs a trade deficit in overall goods. But there’s one reason for that: oil. We could import our oil from anywhere, but we happen to import it from Canada. If you take that out of the picture, then once again it’s Canada that’s running a trade deficit with the US and the US that has the trade surplus:

And then, of course, there are services. Even if you include oil, our trade balance in goods and services with Canada was +$8.4 billion in 2017. So to summarize our trade relationship with Canada:

  • We run a trade surplus in dairy products.
  • We run a trade surplus in total goods and services.
  • We run a trade surplus in goods excluding oil.

It doesn’t matter very much if we run a trade surplus or deficit with Canada. But in every way that anyone should care about, we run a surplus. The only trade deficit worth mentioning is due to our inexhaustible appetite for oil. But that’s our problem, not Canada’s.

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. It's our first time asking for an outpouring of support since screams of FAKE NEWS and so much of what Trump stood for made everything we do so visceral. Like most newsrooms, we face incredibly hard budget realities, and it's unnerving needing to raise big money when traffic is down.

So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate