U.S and Canada Possible Trade War

The Global economic down turn originated in the U.S. and it is important for the U.S. economy to recover as soon as possible in order for the global economy to recover.

The trade imbalance in the U.S. results mostly from the import of oil, around 500 billion and possibly more, and imports from China. The manufacturing jobs from the 300 million strong United States have not been going to the 30 million strong Canadian population, they’ve been going to China.

The European countries united to create the largest economic trade zone or economy in the world. Other areas in the world are discussing doing the same. Here in North America during an economic downturn, the talk is about trade wars.

The North American economy is integrated. A good economy in either country benefits the other and helps or results in growth. A Canadian business manufacture that relies on U.S. suppliers that closes, for example, to open in China, will rely on suppliers from China. This applies to the U.S. and Canada.