when Canada's radio market was dominated by American broadcasts, leading cultural nationalists to form the Canadian Radio League, which lobbied for a publicly funded broadcaster to compete with U.S. stations.```
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So when you start to put things into context, you realize why Canada is doing what they do. But look at the total US trade deficit globally. $773B. So Canada is a pretty big part of that deficit. We do a ton of trading with them. So it makes sense why Trump is targeting Canada.
Trade deficits are normally looked at as a "bad thing". But it depends. The US benefits a lot from the imbalance. We take their products, and upscale it to better services. Which we export at a net of $278B] (which is included in the 773B deficit already).
*But*. Is the Trade Deficit bad? It completely depends. Japan for example has had a trade surplus for the past serveral decades, yet economic growth has been slow, while the US has some of its greatest growth during periods of increased deficit. The US consumes products, and upscales them.
The US also has another advantage. USD is the Reserve Currency of the World. The demand for USD is higher than other currencies, this in effect subsidizes the products that US consumers buy, so US consumers get a better deal on everything they import.
So is Trump completely insane to start a Trade War with Canada? I do not think so. I do disagree with his strategy of threatening tariffs. Canada is one of our greatest allies, and working with them with civility seems like a better option.
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