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The following is a list and analysis of imports into the United States for 2020 and 2019 in millions of United States dollars. [1] [2] The United States imported $2,810.6 billion worth of goods and services in 2020, down $294.5 billion from 2019.
As a whole, the total US trade deficit in goods and services — a measure of the difference between exports and imports — was $773.4 billion last year, a 19% decline from 2022.
In May 2024, the Biden administration doubled tariffs on solar cells imported from China and more than tripled tariffs on lithium-ion electric vehicle batteries imported from China. [41] It also raised tariffs on imports of Chinese steel, aluminum, and medical equipment. [41] The tariff increases will be phased in over a period of three years. [41]
About 60% of those parcels come from China. The vast majority contain cheap clothing, electronics and mundane household products. ... electronics and mundane household products. Proponents of de ...
The tariff on solar cells imported from China will increase from 25% to 50% this year. The tariff rate on steel and aluminum products will increase from 0%–7.5% to 25% this year.
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
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