{"id":9195,"date":"2018-03-20T22:08:10","date_gmt":"2018-03-21T04:08:10","guid":{"rendered":"http:\/\/nigerianews.ca\/?post_type=news&#038;p=9195"},"modified":"2018-03-20T22:08:10","modified_gmt":"2018-03-21T04:08:10","slug":"president-trump-openly-brags-about-lying","status":"publish","type":"news","link":"https:\/\/nigerianews.ca\/news\/president-trump-openly-brags-about-lying\/","title":{"rendered":"President Trump Openly Brags About Lying to Canadian PM Trudeau\u2019s Face"},"content":{"rendered":"<div class=\"row\">\n<div class=\"col-xs-12 col-sm-11 col-md-6 col-lg-8\">\n<header>\n<ul>\n<li class=\"postTitle\"><strong>When Trump lied to Trudeau about trade stats, he was also telling the truth<\/strong><\/li>\n<\/ul>\n<p>There are a lot of ways to do trade math. Some of them support Trump and others expose a truth deficit and a surplus of spin.<\/p>\n<\/header>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-xs-12 col-sm-11 col-md-6 col-lg-8 col-sm-offset-1 content-container\">\n<div class=\"postContent text no-image col-xs-12 centered\">\n<p>The first casualties in trade wars are often the facts. And with the U.S. president in full-blown Art of the Deal negotiating mode on tariffs and the North American Free Trade Agreement, there are trade statistics to prove just about any point. Many of them are actually true.<\/p>\n<p>Earlier this week, an <a href=\"http:\/\/time.com\/5201197\/donald-trump-republican-fundraiser-tariffs\/\">audio recording emerged<\/a>\u00a0from a speech to donors in which Donald Trump boasted about making up facts to mislead Prime Minister Justin Trudeau that Canada was running a large trade surplus with the U.S.:<\/p>\n<p>\u201cNice guy, good-looking guy, comes in \u2014 \u2018Donald, we have no trade deficit.\u2019 He\u2019s very proud because everybody else, you know, we\u2019re getting killed.\u201d<\/p>\n<p>\u201c\u2026 So, he\u2019s proud. I said, \u2018Wrong, Justin, you do.\u2019 I didn\u2019t even know \u2026 I had no idea. I just said, \u2018You\u2019re wrong.\u2019 You know why? Because we\u2019re so stupid \u2026 And I thought they were smart. I said, \u2018You\u2019re wrong, Justin.\u2019 He said, \u2018Nope, we have no trade deficit.\u2019 I said, \u2018Well, in that case, I feel differently,\u2019 I said, \u2018but I don\u2019t believe it.\u2019 I sent one of our guys out, his guy, my guy, they went out, I said, \u2018Check, because I can\u2019t believe it.&#8217;\u201d<\/p>\n<p>A day later, the <a href=\"http:\/\/www.macleans.ca\/economy\/trump-brags-he-made-up-trade-facts-in-meeting-with-trudeau\/\">president doubled down on his assertion<\/a> in a tweet that kept trade officials shaking their heads.<\/p>\n<div id=\"twitter-widget-0\" class=\"EmbeddedTweet EmbeddedTweet--edge js-clickToOpenTarget tweet-InformationCircle-widgetParent\" lang=\"en\">\n<div class=\"EmbeddedTweet-tweet\">\n<blockquote class=\"Tweet h-entry js-tweetIdInfo subject expanded\" cite=\"https:\/\/twitter.com\/realDonaldTrump\/status\/974276383051583488\">\n<div class=\"Tweet-header u-cf\">\n<div class=\"Tweet-brand u-floatRight\">\n<div class=\"Icon Icon--twitter \" title=\"View on Twitter\" role=\"presentation\">\u00a0<a class=\"TweetAuthor-link Identity u-linkBlend\" href=\"https:\/\/twitter.com\/realDonaldTrump\"><span class=\"TweetAuthor-avatar Identity-avatar\"><img decoding=\"async\" class=\"Avatar Avatar--edge\" src=\"https:\/\/pbs.twimg.com\/profile_images\/874276197357596672\/kUuht00m_normal.jpg\" alt=\"\" \/><\/span><span class=\"TweetAuthor-decoratedName\"><span class=\"TweetAuthor-name Identity-name customisable-highlight\" title=\"Donald J. Trump\">Donald J. Trump<\/span><\/span><\/a>\u00a0<a class=\"TweetAuthor-link Identity u-linkBlend\" href=\"https:\/\/twitter.com\/realDonaldTrump\"><span class=\"TweetAuthor-decoratedName\"><span class=\"TweetAuthor-verifiedBadge\"><b class=\"u-hiddenVisually\">\u2714<\/b><\/span><\/span><span class=\"TweetAuthor-screenName Identity-screenName\" dir=\"ltr\" title=\"@realDonaldTrump\">@realDonaldTrump<\/span><\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"Tweet-body e-entry-content\">\n<div class=\"u-hiddenVisually js-inViewportScribingTarget\">We do have a Trade Deficit with Canada, as we do with almost all countries (some of them massive). P.M. Justin Trudeau of Canada, a very good guy, doesn\u2019t like saying that Canada has a Surplus vs. the U.S.(negotiating), but they do&#8230;they almost all do&#8230;and that\u2019s how I know!<\/div>\n<div class=\"Tweet-metadata dateline\"><a class=\"u-linkBlend u-url customisable-highlight long-permalink\" href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/974276383051583488\">7:29 AM &#8211; Mar 15, 2018<\/a><\/div>\n<div><\/div>\n<div class=\"Tweet-metadata dateline\">There are a lot of ways to do trade math. Some of them support Trump and others expose a truth deficit and a surplus of spin.\u00a0Time for a reality check, with nine facts that should help clear up the confusion and, unfortunately, muddy the waters at the same time. (Note that unless otherwise noted, the numbers come from Statistics Canada and are for full year 2016 because a full reconciliation of some figures for 2017 are not yet published.)<\/div>\n<\/div>\n<\/blockquote>\n<\/div>\n<\/div>\n<p><strong>1.<\/strong> Yes, Canada has a trade surplus with the U.S. in goods, which includes autos, oil, minerals, agriculture and manufacturing. Canada exported $392.4 billion in goods to the U.S., while the latter sent $360 billion to Canada. Score a $32.3 billion surplus for Canada.<\/p>\n<p><b>2.<\/b>\u00a0What about services? That includes travel and transportation and other things which are less valuable but still growing fast. Here, it\u2019s the U.S. with a $13.6 billion surplus.<\/p>\n<p><strong>3.<\/strong>\u00a0Adding up the score so far gives Canada a trade surplus with the U.S. of $18.8 billion. So Trump is right? Well, not so fast.<\/p>\n<p><b>4.<\/b>\u00a0Let\u2019s talk the current account. That\u2019s a measure that includes both trade in goods and services, <em>plus<\/em> investment flows and other financial measures. Once you throw these added figures into the soup, it all adds up to a total Canadian current account deficit with the U.S. of $3.4 billion. Twitter has gone to 280 character tweets, but you would need more than that to capture the nuance of which surplus you\u2019re talking about.<\/p>\n<p><strong>5.<\/strong>\u00a0Here\u2019s a new way to play: try using American figures. Chrystia Freeland, Canada\u2019s foreign affairs minister, recently shot back at U.S. Trade Representative Robert Lighthizer\u2019s loose use of trade stats with a 2016 stat that was completely at odds with Statistics Canada: \u00a0\u201cBut it is worth noting,\u201d <a href=\"http:\/\/www.cbc.ca\/news\/politics\/nafta-us-canada-trade-deficit-numbers-1.4524824\">she said<\/a>, \u201cthat in overall trade in goods and services, Canada had a trade deficit with the United States of nearly $8 billion.\u201d Her trick? Use numbers from the <a href=\"https:\/\/ustr.gov\/countries-regions\/americas\/canada\">USTR office<\/a>.<\/p>\n<p><strong>6. <\/strong>Now let\u2019s look at the big picture painted by the USTR. It\u2019s not clear which time period Freeland\u2019s number comes from but here is the USTR score for 2016: The U.S. ran a US$12.1 billion deficit with Canada on goods, and a US$25 billion surplus with Canada on services. That adds up to a US$12.9 billion surplus for the U.S. Using these numbers does not support Trump\u2019s tactics so we don\u2019t hear them come up.<\/p>\n<p><strong>7.<\/strong>\u00a0It\u2019s not clear where Freeland\u2019s $8 billion number came from, because it doesn\u2019t match the number in point six, above. But it\u2019s even harder to see where Lighthizer\u2019s proclamation of an US$87 billion Canadian surplus originated. (But while you puzzle on that one, people are still trying to understand what Trump was on about in comments from the same speech to donors where he described unfair Japanese trading \u201ctests\u201d that involved dropping bowling balls on the hoods of cars. He did not provide a trade stat on that one.)<\/p>\n<div id=\"twitter-widget-1\" class=\"EmbeddedTweet EmbeddedTweet--edge js-clickToOpenTarget tweet-InformationCircle-widgetParent\" lang=\"en\">\n<div class=\"EmbeddedTweet-tweet\">\n<blockquote class=\"Tweet h-entry js-tweetIdInfo subject expanded\" cite=\"https:\/\/twitter.com\/VanityFair\/status\/974319330530820096\">\n<div class=\"Tweet-header u-cf\">\n<div class=\"Tweet-brand u-floatRight\">\n<div class=\"Icon Icon--twitter \" title=\"View on Twitter\" role=\"presentation\"><\/div>\n<\/div>\n<div class=\"TweetAuthor js-inViewportScribingTarget\"><a class=\"TweetAuthor-link Identity u-linkBlend\" href=\"https:\/\/twitter.com\/VanityFair\"><span class=\"TweetAuthor-avatar Identity-avatar\"><img decoding=\"async\" class=\"Avatar Avatar--edge\" src=\"https:\/\/pbs.twimg.com\/profile_images\/875406665159516161\/ds4HQ-f9_normal.jpg\" alt=\"\" \/><\/span><span class=\"TweetAuthor-decoratedName\"><span class=\"TweetAuthor-name Identity-name customisable-highlight\" title=\"VANITY FAIR\">VANITY FAIR<\/span><\/span><\/a>\u00a0<a class=\"TweetAuthor-link Identity u-linkBlend\" href=\"https:\/\/twitter.com\/VanityFair\"><span class=\"TweetAuthor-decoratedName\"><span class=\"TweetAuthor-verifiedBadge\"><b class=\"u-hiddenVisually\">\u2714<\/b><\/span><\/span><span class=\"TweetAuthor-screenName Identity-screenName\" dir=\"ltr\" title=\"@VanityFair\">@VanityFair<\/span><\/a><\/div>\n<\/div>\n<div class=\"Tweet-body e-entry-content\">\n<div class=\"u-hiddenVisually js-inViewportScribingTarget\"><\/div>\n<p>The president also made up a story about Japan dropping bowling balls on its cars for reasons that are not entirely clear <a class=\"link customisable\" title=\"http:\/\/vntyfr.com\/E5Hm9ve\" href=\"https:\/\/t.co\/DoskNqroRn\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"u-hiddenVisually\">http:\/\/<\/span><span class=\"Tweet-complexLink\">vntyfr.com\/E5Hm9ve<\/span><span class=\"u-hiddenVisually\">\u00a0<\/span><\/a><\/p>\n<div class=\"Tweet-metadata dateline\"><a class=\"u-linkBlend u-url customisable-highlight long-permalink\" href=\"https:\/\/twitter.com\/VanityFair\/status\/974319330530820096\">10:20 AM &#8211; Mar 15, 2018<\/a><\/div>\n<div class=\"Tweet-card\">\n<div class=\"PrerenderedCard is-constrainedByMaxWidth is-loaded\">\n<div class=\"TwitterCardsGrid TwitterCard\">\n<div class=\"TwitterCardsGrid-col--12 TwitterCardsGrid-col--spacerBottom CardContent\">\n<div class=\"SummaryCard-image TwitterCardsGrid-col--12\">\n<div class=\"tcu-imageContainer tcu-imageAspect--2to1\">\n<div class=\"tcu-imageWrapper tcu-image-974319330530820096 js-cspForcedStyle\"><\/div>\n<\/div>\n<\/div>\n<div class=\"SummaryCard-contentContainer TwitterCardsGrid-col--12\">\n<div class=\"SummaryCard-content TwitterCardsGrid-ltr\">\n<p class=\"TwitterCard-title js-cardClick tcu-textEllipse--multiline\" dir=\"ltr\"><strong>Trump Openly Brags About Lying to Justin Trudeau\u2019s Face<\/strong><\/p>\n<p>It was just one of many totally bizarre moments from a speech the president gave in Missouri.<span class=\"u-block TwitterCardsGrid-col--spacerTop SummaryCard-destination\" dir=\"ltr\">vanityfair.com<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n<\/div>\n<\/div>\n<p><strong>8.<\/strong>\u00a0At one point in the recorded comments of Trump\u2014the ones where he admitted to making stuff up\u2014he asked some number crunchers to go out into the parking lot and come back with some clarity. They did, returning to inform him that Canada-U.S. trade was about even until you added \u201ctimber\u201d and \u201cenergy\u201d into the mix, which pushed the U.S. into a deficit of about US$17 billion. It\u2019s hard to reconcile that with either Canadian or U.S. official stats, both of which include energy and all things wood and pulp.<\/p>\n<p><strong>9. <\/strong>Oops, have you forgotten your pass-through stats? Pass-through what\u2019s? These are stats that include the value of exports from a country, say Canada, that were <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-12-12\/trump-may-actually-be-right-about-the-trade-deficit-with-canada\">first imported from another country<\/a>, say China, before being re-exported to another, like the U.S. In a sense, Canada is double counting the Chinese trade as an import and an export, while the U.S. counts it only once as an import, from China not Canada.<\/p>\n<p>Canadian stats include some pass-through numbers, which at least partially explains the difference between its trade stats and those in the U.S., where they are not. It also explains why it\u2019s easier for Freeland and Canadian NAFTA negotiators to rely on U.S. stats in making any points about surpluses and deficits. So, go back to point one and start all over again, if you can figure out how to subtract the pass-throughs to figure out who has the deficit and who the surplus.<\/p>\n<p>macleans<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When Trump lied to Trudeau about trade stats, he was also telling the truth There are a lot of ways to do trade math. Some of them support Trump and others expose a truth deficit and a surplus of spin. The first casualties in trade wars are often the facts. And with the U.S. president [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9196,"comment_status":"open","ping_status":"closed","template":"","tags":[],"news-category":[322],"class_list":["post-9195","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-world","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>President Trump Openly Brags About Lying to Canadian PM Trudeau\u2019s Face<\/title>\n<meta name=\"description\" content=\"President Trump Openly Brags About Lying to Canadian PM Trudeau\u2019s Face\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerianews.ca\/news\/president-trump-openly-brags-about-lying\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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