Since US President Donald Trump took over the reins of government on January 20, and even before that, the White House master has waged a trade war against his trading partners, starting in China, Canada and Mexico, and through the threat of the European Union and other countries.
Immediately after assuming his post, Trump carried out his threats. In early February, he signed an executive order to impose additional customs duties by 25% on the goods imported from Canada and Mexico, and 10% on imports from China.
It is true that he stopped the fees imposed on Canada and Mexico for a month, but it is implemented if these two countries did not submit to his demands.
His closest allies, such as Britain and the European Union countries, did not escape, as the US President announced that European products will be “very soon”, in turn, targeting customs duties.
“They really benefit from us as you know, we have a deficit of $ 300 billion, they do not take our cars or our agricultural products, almost nothing, and we take everything, millions of cars and agricultural products at huge rates,” according to the CNBC platform. “.
Trump’s threats and decisions sparked widespread concerns in Europe, and European Commission President Ursula von der Line confirmed that the European Union will respond with “packages” on the United States if the Trump administration imposes additional customs duties on its country, according to the British newspaper Gardyan.
https://www.youtube.com/watch?v=aym4vj3wgwg
As for China, it immediately replied to Trump’s decisions moments after entering the 10% American customs duties into effect, and it rushed to announce an investigation into the case of Google’s monopoly.
The Chinese Ministry of Finance also announced the imposition of 15% customs duties on coal and liquefied natural gas, and 10% on crude oil, agricultural equipment, vehicles of large capacity and small trucks from the United States.
The Chinese Ministry of Commerce and Customs Administration said that the country has imposed export controls on a group of important minerals to “protect national security interests”, namely Tungsten, Tylorium, Ruthenium, Moliphenum and Rothinium -related elements, according to the Guardian newspaper.
The chapters of the new World Economic War are still in its beginnings, and we are at the first new Trump era.
We will highlight Al Jazeera Net through this report on:
- The volume of trade between the United States and its largest commercial partners.
- The amount of deficit or trade surplus between these countries and the United States.
The largest commercial partners of the United States
Canada, Mexico and China are the 3 largest commercial partners for America (then the European Union comes), as these countries provide the United States with cars, medicines, shoes, wood, electronics, steel and many other products, according to the ICIS platform.
According to data from the American Statistical Office:
- Mexico is the largest commercial partner for the United States, as it represents approximately 16% of the total US trade as of September 2024.
- Followed by Canada and China by 14% and 11%, respectively, from the total American trade.
- These three countries combined represent more than 40% of the total American international trade, according to the “US News” platform.
Trade exchange between the United States and China
According to the US government’s statistical office, the United States imported goods and goods of $ 438.9 billion in 2024, up from 426.9 billion in 2023.
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The 10 most prominent American imports from China
Below is a list of the 10 most prominent American imports from China in 2023, according to the “Vigioal Capitlist” platform, whose data from the United Nations e -commerce, Chinese Customs and the American International Trade Authority:
- Consumer electronics: 96 billion dollars.
- Textiles and clothes: $ 68 billion.
- Chemicals: $ 42 billion.
- Building machines and materials: $ 33 billion.
- Electrical equipment (except for semiconductors): $ 30 billion.
- Basic minerals: $ 28 billion.
- Home appliances: $ 24 billion.
- Transport equipment: $ 24 billion.
- Clean energy and batteries: $ 15 billion.
- Visual and medical devices: 12 billion dollars.
According to the American Statistical Office, the United States exported goods and goods to China, at a value of $ 143.5 billion in 2024, a decrease of about $ 4.5 billion for 2023, in which the value of US exports to China amounted to 148 billion dollars.
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The 10 most prominent American exports to China
Below is a list of the 10 most prominent US exports to China in 2023, according to the Vigioal Capitlist platform:
- Grains and oil seeds: $ 18.5 billion.
- Oil and gas: $ 17.6 billion.
- Education and educational aids: $ 13 billion.
- Medicines: 11.3 billion dollars.
- Semi -conductors: $ 6 billion.
- Air spare parts and equipment: $ 6.8 billion.
- Navigation tools: 6.8 billion dollars.
- Mechanical compounds: $ 6.1 billion.
- Industrial machines: $ 5 billion.
- Meat products: $ 4.5 billion.
The trade deficit between the United States and China
According to the previous figures issued by the American government’s statistical center, the trade balance tends to be in favor of China in its economic relationship with the United States, as the trade deficit between the two countries (the difference between the value of imports and exports) is $ 295.4 billion in favor of China in 2024.
Note that the deficit with China has decreased sharply since Trump imposed the first major customs tariffs on the country in 2018.
These definitions were maintained and expanded during the era of former President Joe Biden, and as a result the commercial gap with China shrunk from a record level of $ 418 billion in 2018, according to the previous source.
https://www.youtube.com/watch?v=p0wpex2c5zs
Trade exchange between the United States and Mexico
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Exports and imports
According to the American Statistical Office, the United States imported goods and goods from Mexico, with a value of $ 505.8 billion in 2024, while the value of US exports to Mexico in the same year amounted Mexico is the largest commercial partner for the United States for the second year in a row.
Mexico was the largest commercial partner for the United States in 2023 and the largest source of the country’s imports before China, as the total trade with Mexico (imports and exports) reached approximately $ 800 billion in 2023 due to the continued American efforts to obtain sources of the closest geographical to America, and reduce accreditation On imports from China, according to Statista and the American Statistical Office.
Many of the major American companies have built their factories in Mexico due to the availability of cheap workers and encouraging laws for investment, such as Ford and Gres Motors and many other companies in various sectors.
The preferential customs tariffs and free trade agreements – such as the United States, Mexico and Canada agreement – have also provided cheap production costs with effective infrastructure to transport goods with a little customs tariffs or even without them.
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The most prominent Mexican exports to America
Mexico has exported to the United States a wide number of commodities, the most prominent of which is according to the “Trading Economics” platform:
- Cars.
- Electrical and electronic equipment.
- Furniture.
- Ready buildings.
- Fruits and vegetables.
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The most prominent imports of Mexico from America
According to the previous source, Mexico is imported from the United States:
- Fuel, oils and distillation products.
- Electrical and electronic equipment.
- Chemicals.
- Iron and steel products.
- Aluminum tubes.
- Plastic materials.
- Pills.
The trade deficit between Mexico and the United States
The United States’ trade deficit has doubled with Mexico since 2018, from 78 billion dollars to a record level of 172 billion in 2024, according to the American Statistical Office.
Trade exchange between the United States and Canada
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Exports and imports
According to the Statistic Canada platform, the United States is the most important partner of Canada in the international trade of commodities. In 2024, Canada’s total value and exports of goods in circulation with the United States exceeded the third trillion dollars for the third year in a row.
In 2024, the United States was the destination for 75.9% of the total exports of Canada, and it was a source of 62.2% of its total imports.
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Energy in the foreground
Energy products exports are an essential component of the commodity trade surplus of Canada with the United States. In 2024, Canada exported energy products worth $ 176.2 billion to other countries, and the vast majority of these exports were directed to the United States.
Meanwhile, Canada’s total power products reached 39 billion dollars in 2024, and the vast majority of them were also from the United States, according to the previous source.
The impotence and trade surplus between Canada and the United States
The Canadian commodity trade surplus with the United States reached $ 102.3 billion for the year 2024, which is less than the surplus of 108.3 billion dollars registered in 2023.
With regard to trade in services, Canada is constantly registering a deficit with the United States, mainly due to travel services.
Upon combining trade in goods and services, Canada recorded a total trade surplus of $ 94.4 billion with the United States in 2023.
Note that the annual results of the Canada trade in services, according to the main commercial partner of 2024, will be available on February 27, 2025, according to the previous source.
