One chart shows why Trump's trade fight with Canada and Mexico is misguided
President Donald Trump's recent trade actions have stepped up pressure on Canada and Mexico, two close US allies.
Trump's focus for his broader trade agenda is to reduce US trade deficits with various countries.
But Canada and Mexico make up a tiny part of the overall US trade deficit.In fact, the US maintains a trade surplus with Canada.
President Donald Trump's hostility toward Canada and Mexico is unlikely to help the president achieve the primary goal of his recent trade actions.
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