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Donald Trump admits making up 'facts' in trade meeting with Justin Trudeau

Quag said:
The Canadian numbers are just goods not services.
As to why the numbers are different, first off the Canadian Govt uses Canadian dollars which makes up for roughly 25% of the difference off the bat then there is they way they are calculated as well
Now please explain why you think it is a good thing for the president to go to a meeting with a foreign leader without doing any preparation for the meeting?
You dont think a good negotiator would try to know as much about the other side as possible? Would not the trade balance be something he should have informed himself on especially since he made NAFTA a priority?
The problem with Trump on this issue isn't the actual trade balance it is his admission that he didn't know and he made it up. Now if h actually knew but still made it up as a negotiating tactic that might be sorta understandable but Trump admitted he didn't know
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That's failed explanation. :lamo
 
apdst said:
That's failed explanation. :lamo
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Dodge noted
Ill try again
Now please explain why you think it is a good thing for the president to go to a meeting with a foreign leader without doing any preparation for the meeting?
You dont think a good negotiator would try to know as much about the other side as possible? Would not the trade balance be something he should have informed himself on especially since he made NAFTA a priority?
The problem with Trump on this issue isn't the actual trade balance it is his admission that he didn't know and he made it up. Now if h actually knew but still made it up as a negotiating tactic that might be sorta understandable but Trump admitted he didn't know
 
apdst said:
That's failed explanation. :lamo
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Failed because you didn't understand it.
You'll have to be patient. Some subjects don't lend themselves to simple words. Just keep reading, I'm sure it'll dawn on you.
 
Mycroft said:
Here is a good article on the subject.

https://theconservativetreehouse.com/2018/03/16/white-house-trade-lesson-determining-trade-balances/

Of course, those who's minds are biased and made up won't get any benefit from this article. Y'all can just ignore this link.
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Is that article better then this article?


https://www.google.ca/amp/www.cbc.ca/amp/1.4579792

Also even if Canada has a surplus (which is highly debatable) how much is the surplus and us it worth throwing away a 600 billion dollar trade relationship between the 2 countries? I have posted an article saying trade with Canada creates millions of jobs in the US in the past, you can look up those stats. Do you have evidence Canada is stealing jobs from the US? Do you have any evidence that Canada is being massively unfair when it comes to trade or that Canada is dumping Chinese goods onto the US? If not, then what do you want from Canada? Does the US have legit trade gripes with other countries, sure. But does not make the US some innocent lamb that was being eaten by wolves on the international stage.
 
Last night on Stephen Colbert, he was interviewing Billy Bush (of the "bus tape") and Bush said he'd known Trump for years from interviewing him during pageants and The Apprentice.

He confirmed alot of the crass womanizing things the media write about The Donald and the other thing he said is that, after lying on a radio show about ratings and Bush correcting him, The Donald said, "they'll believe anything you tell them."

And yes, there are an unfortunately huge amount of Americans that will. I hope that our foreign allies are not as gullible.
 
Mycroft said:
Here is a good article on the subject.

https://theconservativetreehouse.com/2018/03/16/white-house-trade-lesson-determining-trade-balances/

Of course, those who's minds are biased and made up won't get any benefit from this article. Y'all can just ignore this link.
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OK, here's the takeaway:

In 2017, the U.S. goods and services balance was a surplus of $2.77 billion. The goods alone balance on a BOP basis was a U.S. deficit of $23.16 billion, but on a customs basis it was a deficit of $17.58 billion. Note that the difference between the BOP goods and services balance and the BOP goods alone balance implies a trade surplus in services of $25.93 billion.
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Basically, any rational conclusion about trade with Canada is it's for all meaningful purposes in balance, with the recorded surpluses and deficits likely within the measurement error, given total trade (both ways) of about $630 billion in 2016.
 
JasperL said:
OK, here's the takeaway:



Basically, any rational conclusion about trade with Canada is it's for all meaningful purposes in balance, with the recorded surpluses and deficits likely within the measurement error, given total trade (both ways) of about $630 billion in 2016.
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And you left the next part out. Talk about taking stuff out of context...you just did it deliberately.

In contrast, Canadian statistics report a goods and services trade surplus with the United States of $26.76 billion, using the Canadian BOP methodology. The goods alone balance is $40.50 billion on a BOP basis.

One important difference in BOP methodology between the Canadian and U.S. approaches is the treatment of re-exported goods. USTR raised a related issue, on the role of re-exports in Census-based bilateral trade balances, in its 2018 Annual Report.
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There's that "transshipment" (re-exports) thing again.
 
Mycroft said:
And you left the next part out. Talk about taking stuff out of context...you just did it deliberately.

There's that "transshipment" (re-exports) thing again.
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Yeah, and so what? It makes our trade deficit in goods with Canada smaller if we properly label Chinese goods as from China, not Canada, which we DO. Are you saying we should treat goods made in China as made in Canada, the way the Canadians do?
 
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