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.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

payment methods

We Recommend

Latest