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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, Mexico is still the second largest trading partner of the United States after Canada. [1]
Panama–United States Trade Promotion Agreement [20] [21] Peru: 1 April 12, 2006 February 1, 2009 Peru–United States Trade Promotion Agreement [22] [23] Singapore: 1 May 6, 2003 January 1, 2004 Singapore–United States Free Trade Agreement [24] [25] South Korea: 1 June 30, 2007 March 15, 2012 United States–Korea Free Trade Agreement [26 ...
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
The Philippines and the United States still maintain close, friendly, diplomatic, political and military relations with more than 100,000 US citizens and nationals living in the Philippines and more than 4 million Filipinos living in the United States. Both countries actively cooperate in the trade, investment and financial sectors.
United States trade deficits from 1997 to 2021. Deficits are over 50 billion dollars as of 2021 with the countries shown. Data from the US Census Bureau.. The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries.
Betts, Richard K. "Wealth, power, and instability: East Asia and the United States after the Cold War". International Security 18.3 (1993): 34–77. online; Burns, Richard Dean, and Edward Moore Bennett, eds. Diplomats in crisis: United States-Chinese-Japanese relations, 1919-1941 (1974) short articles by scholars from all three countries. online
Some countries, especially isolated ones, heavily rely on a larger neighbouring country for trade. For instance, Venezuela is a key export market for Cuba , while Uzbekistan , being doubly-landlocked, primarily exports to its singly-landlocked neighbours, Tajikistan and Afghanistan .
ASEAN has bilateral agreements with the following countries and blocs: . ASEAN–China Free Trade Area (ACFTA), in effect as of 1 January 2010; ASEAN–Hong Kong, China Free Trade Area (AHKFTA)