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.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

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