My bad. I read a little too quickly.

Except the local versions of those companies make zero profit and have no taxable income. This why everyone agreed on a basic business tax rate until the orange monkey pulled out.

Canada’s total exports are about 35% of total GDP. So that puts US exports at somewhere around 24% of GDP. Pretty high but then if we exclude oil and gas and potash exports it’s a much, much smaller number. So small in fact that we would probably replace those exports within 12 months.

I wonder if anyone else other than the US wants some oil, natural gas, or potash? And yes I know we currently lack pipeline capacity but at this point I’d be willing to let the government finance it all to move oil and gas to the east coast.

I really think Americans over played their hand.