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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]
The most influential FTA is the United States–Mexico–Canada Agreement (USMCA), which came into effect in 2020 and was signed in 2018 by the governments of the United States, Canada, and Mexico. In 2006, trade with Mexico's two northern partners accounted for almost 90% of its exports and 55% of its imports. [27]
This is a list of U.S. states, U.S. territories, and the District of Columbia by exports of goods and imports of goods as of 2018. [note 1]An export in international trade is a good or service produced in one country that is bought by someone in another country.
The U.S. and some of its closest trade partners have gone back and forth on trade polices in recent days after President Donald Trump announced tariffs on goods from Mexico, Canada and China.
During his campaign, Trump has also floated ideas for across-the-board 10% tariff rate on all US trade. Before the election, Barclays estimated this would amount to a 3.2% drag on S&P EPS next year.
The US imported around $467 billion and $337 billion in goods from Mexico and Canada last year, respectively, through November, the most recent month of available data, according to federal trade ...
The United States of America shares a unique and often complex relationship with the United Mexican States. With shared history stemming back to the Texas Revolution (1835–1836) and the Mexican–American War (1846–1848), several treaties have been concluded between the two nations, most notably the Gadsden Purchase, and multilaterally with Canada, the North American Free Trade Agreement ...
President Donald Trump's mission to close the U.S. trade deficit met a greater challenge as America's trade deficit in goods soared to a record $1.2 trillion in 2024.