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Balance of trade with the United States. The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment. In 2023, Canada is the largest trading partner of the United States, followed by Mexico. [1]
In 2024, roughly US$800 billion of goods were transported across the Mexico–U.S. border, and over US$1 billion in commerce between the two countries occurs daily. [3] In 2023, U.S. exports to Mexico totaled US$322 billion , while the U.S. imported over US$475 billion of Mexican products, according to data from the U.S. Census Bureau . [ 9 ]
The meeting is required under the rules of the USMCA, which replaced the North American Free Trade Agreement in 2020, for the trading partners to discuss issues related to the trade pact.
The European Union currently places a 10% tariff on cars imported from the United States, ... expanding trade restrictions to key trading partners in an ... which reached $918.4 billion in 2024.
The first ever trilateral summit involving the United States, Japan and the Philippines would be held at the White House in Washington D.C. on April 11, 2024. [ 2 ] This followed joint meeting between national security advisers of the three countries in [ 3 ] and join exercise of the nation's coast guards off the waters of Bataan [ 4 ] [ 5 ] in ...
In 2022, the US imported $4 trillion in goods and services and exported $3 trillion. The country’s biggest trading partners were Mexico, China, and Canada.
The US-China Business Council (USCBC) is a 501(c)(6) nonprofit organization whose stated goal is promoting trade between the United States and the People's Republic of China (PRC). As of 2024, it comprises over 270 American companies that trade and do business with the PRC.
Trump aims to kick the aggressive trade agenda from his first term into higher gear with across-the-board 10% tariffs on imported goods and even higher levies on imports from China and elsewhere.