America’s largest trade partners

White House tariffs on imported steel and aluminium threaten U.S. bilateral trade worth $5,225 billion in 2017, pushing America’s trading partners to prepare retaliatory levies on U.S. products

U.S. trade in goods and services ($ billions)

U.S. exports in 2017   $2,329.3bn

U.S. imports in 2017   $2,895.3bn

U.S. deficit: -$566.0bn

Peter Navarro: White House trade adviser says “no exclusions” on tariffs

European Union

511.5     -$100.2bn    611.7
Retaliation: EU plans 25% tariffs on $3.46 billion of U.S. steel, clothing, footwear, motorcycles, bourbon, rice and orange juice

China
183.8           -$325.7bn       509.5
China could impose punitive tariffs on imports of $15bn of U.S. soybeans and sorghum. In January, U.S. slapped tariffs on Chinese solar panels and washing machines
        
Canada
+$1.7bn    333.9       332.2
Canada is biggest supplier of steel and aluminium to U.S., exporting $5.53bn of steel and $6.9bn of aluminium

Mexico
271.6     339.9    -$68.3bn
Mexico imported $4.45bn of steel from U.S. last year and exported $2.634bn – will retaliate if not exempt from tariffs

Japan
112.9     170.2    -$57.3bn

Germany
82.8      150.3    -$67.5bn

UK 
+$12.9bn  120.7      107.8

South Korea
69.9       81.8     -$11.9bn

India
47          76       -$29bn


Sources: U.S. Census Bureau, Canacero Picture: Associated Press © GRAPHIC NEWS