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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]
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.
The equivalent of 451,000 40-foot containers of goods from China landed at U.S. seaports in December, a year-over-year increase of 14.5%, according to trade data supplier Descartes Systems Group.
An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft. [1]
The US president is dealing with a far more confident China than he did back then. Beijing has expanded its global footprint, and it is now the lead trade partner for more than 120 countries.
Reuters reported in July that the U.S. planned to unveil a new package of export controls on China, including adding about 120 Chinese entities to its restricted trade list.
Imports and exports between the United States and China. US census.gov data. Foreign holders of U.S. Treasury securities (2009) In trade matters, the United States has benefitted from China's demand for United States export products, which grew rapidly from 2000 to at least 2021.
China's commerce ministry said on Tuesday it firmly opposes a United States' report on foreign trade barriers, which it said "listed China as a country of primary concern". The U.S. National Trade ...