the post writes this, quote, the office of the united states trade representative says the united states has a trade surplus with canada. it reports that in 2016 the u.s. exported 12.5 billion more in goods and services than it imported from canada, leading to a trade surplus, not a deficit. president trump fired back on twitter this morning, quote, 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 t like saying that canada has a surplus versus the u.s., negotiating, but they do. they almost all do and that s how i know. white house press secretary sarah huckabee sanders defended his claim echoing his false assertion that the u.s. runs a trade deficit with its neighbor to the north. our own resident expert on canada and trade, ali velshi,
we have no deficit but that doesn t include energy and timber. and when you do lose $17 billion a year, it s incredible. the post writes this, quote, the office of the united states trade representative says the united states has a trade surplus with canada. it reports that in 2016 the u.s. exported 12.5 billion more in goods and services than it imported from canada, leading to a trade surplus, not a deficit. president trump fired back on twitter, 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 t like saying that canada has a surplus versus the u.s., but they do, they almost all do and that s how i know. our own r canada and trade, ali velshi, reduced to using trump in all caps, this isn t hard even for you in the white house.
a year, it s incredible. the post writes this, quote, the office of the united states trade representative says the united states has a trade surplus with canada. it reports that in 2016 the u.s. exported 12.5 billion more in goods and services than it imported from canada, leading to a trade sur applauplus, not a d. president trump fired back on twitter, 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 t like saying that canada has a surplus versus the u.s., but they do, they almost all do and that s how i know. our own canada and trade, ali velshi,
they are having a trade in canada. the white house insists over and over the united states has a trade deficit with canada. here is the program lineup. at best, that statistic is misleading. at worst, it s a straight-up, flat out lie. here is the reality. the united states has a very large surplus in trade, tourism, energy, transportation, things like that. we have a deficit when it comes to only goods. when you talk about a trade deficit, unless you say otherwise, you are always including goods and services. so, the united states, most definitely, this is just simple math, has a trade surplus can canada. canada buys more things from the united states than the united states buys from canada to the tune of 12.5 billi$12.5 billion. this is not being sassy or
gotten to saying something. he did comment on the sanctions that have been imposed by the treasury department on the entities that were named in the mueller investigation as being involved in the 2016 election. so, there is a start. as we were saying, we still have this matter of the lie to the prime minister of canada about our trade relationship with them. joining us now, cnbc editor at large john harwood. let s talk about that, john. in 2016, the trade of u.s. goods and services with canada resulted in a $12.5 billion surplus. breaking it down, there was a $12 billion deficit with goods but an almost $25 billion surplus in services. canada sells us more goods than we buy from them. that s obvious because of oil in particular and energy. but the u.s. sends all sorts of services, contractors and other work that isn t goods. what is the president doing