The automotive trade deficit in Canada is expected to reach $8 billion this year. Canadian Auto Workers union says this could spell disaster. The only way to fix it is to open fair two-way trade or halt negotiations with Canada's largest auto trading partner. Which country is it?
#87553. Asked by moondoggyswife. (Oct 21 07 5:48 AM)
No other country has an auto trade balance that is more out of whack with Canada than South Korea, which deters its citizens from buying foreign cars through a variety of taxes and other measures. Through the first seven months of 2007, South Korea exported 183 times as much automotive value to Canada as Canada exported to Korea, Industry Canada data shows.
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