U.S. bilateral trade with China and Mexico, particularly the growing deficits the U.S. carries with the two nations, generally drives the conversation about U.S. manufacturing trade.
With the latest report on U.S. international trade in goods and services, from the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis, Canada just might be moving into the spotlight.
The report covering October, released earlier last week, notes that the trade balance in goods with Canada “shifted from a surplus of $0.2 billion in September to a deficit of $1.7 billion in October.” Exports to the country decreased by $0.9 billion to $22.0 billion, while imports increased $1.0 billion to $23.6 billion for the month.
