Trade deficits surge to record highs in U.S., Canada

Economics | 207398 hits | Mar 06 6:12 am | Posted by: DrCaleb

The respective trade deficits of U.S. and Canada surged to their highest levels on record to close out 2018, according to figures released Wednesday.

Comments

by DrCaleb
Wed Mar 06, 2019 3:27 pm
#MAGA
by PluggyRug
Wed Mar 06, 2019 4:20 pm
I prefer this....
by DrCaleb
Wed Mar 06, 2019 4:23 pm
Well, that may be a bit extreme. I don't think trade deficits are that big a deal, but you have hit upon one way to prevent tariffs from eating into the economy.
by martin14
Wed Mar 06, 2019 4:37 pm
But Friday's figures show the U.S. economy is still importing more than ever from the rest of the world. A big reason for that is the persistent strength of the U.S. dollar. It makes foreign manufacturers look even cheaper, and gives U.S. consumers even more purchasing power when buying foreign-made products versus domestically produced ones.

Hmm, we don't seem to have such issues.

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