Quote:
Originally posted by kach22i
In 1989, the year of the Tiananmen Square massacre, our trade deficit with China was $6 billion. It soared to $83 billion by 2000.........................."But he (Bush) opted to make it worse. In 2004 that deficit reached $162 billion almost double the year before Bush took office, and the federal debt went up another $580 billion. Current trends indicate that trade deficit will exceed $180 billion this year .''
Question; does Canada have the same trade imbalances with Asia that the USA has?
Just wondering.
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Looks like it: 22.9 billion for 2005, 18 billion for 2004
Remember, 1/10 population, 1/10 economy size, so multiply our #s by 10 to get a proportionate value: 04 180 billion Canada (proportionate) vs. 162 billion US.
source:
http://www.asiapacificbusiness.ca/data/trade/t2_withasia.cfm