Trump Should Give Canada Trade a Closer Look

According to President Donald Trump, our trade deficit with Canada is a problem:  "They send us hundreds of thousands of cars, they make a lot of money with that,” he said. “They send us a lot of other things we don’t need.”  He neglected to mention the biggest contributor to our trade deficit with Canada:  crude oil and natural gas, without which the U.S. would actually have a trade surplus. They make a lot of money from that too! But so do we; of course; when Americans spend less at the pump and on their monthly utility bills they can afford to spend more on other things.  And what is true of inexpensive energy is true of everything else we import from Canada.