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A trade war began between the United States, Canada, and Mexico on February 1, 2025, when U.S. president Donald Trump signed orders imposing near-universal tariffs on goods from the two countries to take effect on February 4.
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 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.
Meanwhile, the trade deficit with Mexico stood at $131.1 billion in 2022, a 24% increase over 2021. A lower tariff of 10% was set for Canadian energy, including natural gas and oil.
In 2023, the U.S. imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to the Distilled Spirits Council of the United States, a trade group.
The U.S. has run a trade deficit with Mexico, meaning Americans buy more from Mexico than they sell to it, since at least 1999. ... On the other hand, between 2023 and 2014, the United States saw ...
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 ...
In 2022, the US imported $536 billion in Chinese goods, $455 billion in Mexican goods, and $437 billion in Canadian products, according to data from the U.S. Trade Representative.