327
submitted 1 week ago by Pacino@lemmy.world to c/canada@lemmy.ca
you are viewing a single comment's thread
view the rest of the comments
[-] lemmy_outta_here@lemmy.world 6 points 1 week ago

It’s true, i didn’t actually read the agreement.

As for the trade deficit, I’m not sure it matters to a great extent. When a rich country tades with a poorer country it is normal for the rich country to be able to afford more imports than the poorer country. However, the trade deal can still benefit the country with the trade deficit. Our raw materials and goods will still find new markets because they will be more affordable to indonesians, and canadian consumers will have indonesian goodss for cheaper. we have a relative advantage for certain high tech and biomedical stuff, so we might see job growth in areas that we are already strong in. I don’t care if my cheap manufactured goods are made abroad as long as other jobs are created. Alan Greenspan had an interesting take on trade deficits: i don’t have time to find the quote, but it is along the lines of “we give them dollars and they give us actual real-world goods - seems like a good deal.” Trade is not a zero sum game - it can provide an advantage to both sides, even when one side benefits more.

As for the deals being small compared to the us: there are no american-sized economies hidden under a rug or something. Carney can’t just make a new trading partner out of thin air. replacing US trade is a huge undertaking that will still be going when my children are dead of old age. Carney will not live long enough to fix everything, but it is wrong to say that he has done nothing.

this post was submitted on 23 Oct 2025
327 points (100.0% liked)

Canada

10601 readers
554 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS