Most important for Canada, the United States is running a very large deficit on its external current account (that is, the balance of trade in goods, services, and investment income with the rest of the world). The flip side of this deficit shows up primarily in Asia, where there are large current account surpluses and a massive accumulation of foreign exchange reserves.
As one would say in German, die Schaffung einer europäischen Öffentlichkeit. Europeans today are highly interconnected via economic and social linkages. Yet our fragmented national public discourse does not necessarily permit citizens to understand fully these connections.