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Here's an argument you don't hear every day: the oil and natural gas the United States buys from Canada shouldn't count as "imports" at all. That's the case laid out in a new report from the Institute for Energy Research (IER), published September 18. Change how Washington keeps the books, IER argues, and the alarming-sounding trade deficit with Canada very nearly disappears — no tariffs, no trade war, just honest accounting.
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