Part 5/10:
The crux of Trump’s stance seems to revolve around his perspective on trade deficits, viewing them as detrimental to the US economy. However, this viewpoint is not widely shared among economists, who argue that trade balances are nuanced and that both nations benefit from their economic relationships. Therefore, the notion that Canada needs to fix its “deficit” with the US to avoid becoming a state reflects a misunderstanding of international trade dynamics.