Dustin07
Legend
Trump confused trade deficit with tariffs. In the case of Canada, which has a significantly smaller population, it has a trade deficit of something around 60B, which is not much when you consider the population of Canada is nearly 10x less than that of the US.
The actually truth is that Canadians spend more per capita on US goods than the US spends on Canadian goods. If anything, setting the record straight would be Canada imposing tariffs to match the per capita rate of that of the US.
But that isn't how it works.
Canada is welcome to do that, as are the States. it has nothing to do with per capita spending though. Intelligent nations would utilize protectionist measures like tariffs mostly for industries with the greatest value in crisis or war time, such as pharma, manufacturing, and agriculture. The invisible hand and free trade are great ideas to create a windfall for both the buying and selling countries, but allowing such a thing to completely devestate those industries which a country depends on during crisis would be a mistake.