President Donald Trump asserted again that the U.S. runs “a pretty good trade deficit” with Canada. The claim was quickly rebuffed by Canada’s ambassador to the U.S., David MacNaughton. So, what is it? A surplus? Or a deficit?
Over in China, the factory numbers unexpectedly increased to near a five-year high as both overseas and domestic consumers are snapping up products from China’s factories and keeping global demand buoyant.
Europe’s largest economy is on track for continued robust growth in the third quarter, with manufacturing set to remain a “pillar” of the upswing thanks to “vigorous” export demand and an “excellent” level of orders.