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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.
A wider trade deficit as a result of an influx of imports is usually offset by a rise in inventories in the calculation of GDP. ... including from China, Canada and Mexico. ... The dollar gained 9 ...
The richest country in the world has run a trade deficit every single year since 1976. ... America’s biggest bilateral trade deficit by far is with China — $310.8 billion in 2020 alone ...
English: United States deficit by country (in billions, goods only) showing the countries with the largest deficit and the percent of total for each for 2019. Data source US Census Bureau Date
In 2018, the year that a trade war with China was launched by U.S. President Donald Trump, the U.S. trade deficit in goods reached $891 billion, which was the largest on record [29] before the $1,183 billion deficit in the trade of goods recorded in 2021. [30] By the end of the Trump presidency, the trade war was widely characterized as a ...
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since ...
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]
The memo, expected to be signed shortly, also directs federal agencies to assess China's performance under the "Phase 1" trade deal he signed with Beijing in 2020 to end a nearly two-year tariff war.