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https://www.washingtonpost.com/news...g-with-justin-trudeau/?utm_term=.d2fc028e5178
EXCERPT:
President Trump boasted in a fundraising speech Wednesday that he made up information in a meeting with the leader of a top U.S. ally, saying he insisted to Canadian Prime Minister Justin Trudeau that the U.S. runs a trade deficit with its neighbor to the north without knowing whether that was true.
“Trudeau came to see me. He’s a good guy, Justin. He said, ‘No, no, we have no trade deficit with you, we have none. Donald, please,’ ” Trump said, mimicking Trudeau, according to audio of the private event in Missouri obtained by The Washington Post. “Nice guy, good-looking guy, comes in — ‘Donald, we have no trade deficit.’ He’s very proud because everybody else, you know, we’re getting killed.
“… So, he’s proud. I said, ‘Wrong, Justin, you do.’ I didn’t even know. … I had no idea. I just said, ‘You’re wrong.’ You know why? Because we’re so stupid. … And I thought they were smart. I said, ‘You’re wrong, Justin.’ He said, ‘Nope, we have no trade deficit.’ I said, ‘Well, in that case, I feel differently,’ I said, ‘but I don’t believe it.’ I sent one of our guys out, his guy, my guy, they went out, I said, ‘Check, because I can’t believe it.’
‘Well, sir, you’re actually right. We have no deficit, but that doesn’t include energy and timber. … And when you do, we lose $17 billion a year.’ It’s incredible.”
The Office of the U.S. Trade Representative says the U.S. has a trade surplus with Canada. It reports that in 2016, the U.S. exported $12.5 billion more in goods & services than it imported from Canada, leading to a trade surplus, not a deficit.
[ Transcript of Trump’s remarks at fundraiser in Missouri on March 14 ]
In response to this story, Trump on Thursday went on Twitter to reiterate his false assertion that the U.S. has a trade “deficit” with Canada and said it was other countries that refused to accept that such imbalances exist.
In his 30-minute speech to donors in Missouri, Trump made a blistering attack against major U.S. allies & global economies, accusing the European Union, China, Japan & South Korea of ripping off the U.S. for decades & pillaging the U.S. workforce. He also described the NATO as a disaster & heaped blame on the WTO for allowing other countries to box in the U.S. on trade.
Trump seemed to threaten to pull U.S. troops stationed in South Korea if he didn’t get what he wanted on trade with Seoul, an ally. He said that the country had gotten rich but that U.S. politicians never negotiated better deals. “We have a very big trade deficit with them, & we protect them,” Trump said. “We lose money on trade, & we lose money on the military. We have right now 32,000 soldiers on the border between North & South Korea. Let’s see what happens.”
“Our allies care about themselves,” he said. “They don’t care about us.”
https://www.washingtonpost.com/news...-particularly-bad/?nid&utm_term=.3a50f912d1ed
EXCERPT:
President Trump boasted in a fundraising speech Wednesday that he made up information in a meeting with the leader of a top U.S. ally, saying he insisted to Canadian Prime Minister Justin Trudeau that the U.S. runs a trade deficit with its neighbor to the north without knowing whether that was true.
“Trudeau came to see me. He’s a good guy, Justin. He said, ‘No, no, we have no trade deficit with you, we have none. Donald, please,’ ” Trump said, mimicking Trudeau, according to audio of the private event in Missouri obtained by The Washington Post. “Nice guy, good-looking guy, comes in — ‘Donald, we have no trade deficit.’ He’s very proud because everybody else, you know, we’re getting killed.
“… So, he’s proud. I said, ‘Wrong, Justin, you do.’ I didn’t even know. … I had no idea. I just said, ‘You’re wrong.’ You know why? Because we’re so stupid. … And I thought they were smart. I said, ‘You’re wrong, Justin.’ He said, ‘Nope, we have no trade deficit.’ I said, ‘Well, in that case, I feel differently,’ I said, ‘but I don’t believe it.’ I sent one of our guys out, his guy, my guy, they went out, I said, ‘Check, because I can’t believe it.’
‘Well, sir, you’re actually right. We have no deficit, but that doesn’t include energy and timber. … And when you do, we lose $17 billion a year.’ It’s incredible.”
The Office of the U.S. Trade Representative says the U.S. has a trade surplus with Canada. It reports that in 2016, the U.S. exported $12.5 billion more in goods & services than it imported from Canada, leading to a trade surplus, not a deficit.
[ Transcript of Trump’s remarks at fundraiser in Missouri on March 14 ]
In response to this story, Trump on Thursday went on Twitter to reiterate his false assertion that the U.S. has a trade “deficit” with Canada and said it was other countries that refused to accept that such imbalances exist.
In his 30-minute speech to donors in Missouri, Trump made a blistering attack against major U.S. allies & global economies, accusing the European Union, China, Japan & South Korea of ripping off the U.S. for decades & pillaging the U.S. workforce. He also described the NATO as a disaster & heaped blame on the WTO for allowing other countries to box in the U.S. on trade.
Trump seemed to threaten to pull U.S. troops stationed in South Korea if he didn’t get what he wanted on trade with Seoul, an ally. He said that the country had gotten rich but that U.S. politicians never negotiated better deals. “We have a very big trade deficit with them, & we protect them,” Trump said. “We lose money on trade, & we lose money on the military. We have right now 32,000 soldiers on the border between North & South Korea. Let’s see what happens.”
“Our allies care about themselves,” he said. “They don’t care about us.”
https://www.washingtonpost.com/news...-particularly-bad/?nid&utm_term=.3a50f912d1ed
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