U.S. tariffs on top trading partners

The Trump administration and the U.S. Trade Representative’s office have slapped punitive tariffs on America’s largest trading partners


Top trading partners (Goods and services, 2018, $ billions) 

EUROPEAN UNION			
U.S. exports 575.0	U.S. imports 684.0

Deficit	-109.0

Oct 18, 2019: U.S. to impose tariffs on $7.5bn of goods it imports from EU in battle over illegal subsidies for planemakers Airbus and rival Boeing

CANADA
360.5	353.6

Mar 2018: President Trump slaps 25% tariff on steel and 10% tariff on aluminium imports from Canada and Mexico. Both countries implement retaliatory tariffs

Surplus	6.9

MEXICO
299.1	371.9

May 31, 2019: Trump threatens to impose crippling tariffs of up to 25% on all Mexican goods, unless Mexico reduces flow of migrants to U.S. border

-72.8

CHINA
179.3	557.9

Oct 11: Trump announces hold on tariff hikes from 25% to 30% on $250bn in Chinese goods

Dec 15: New tariffs on $156bn in Chinese goods to go into effect unless China commits to buy around $50bn of American agricultural products per year

-378.6

JAPAN
120.4	177.1	

Nov 14: Deadline to impose 25% on foreign-made vehicles and parts imported from Japan, South Korea and EU

-56.7

SOUTH KOREA
80.9	86.7 

-5.8

     
Sources: Reuters, U.S. Trade Representative’s office 
Picture: Associated Press 
© GRAPHIC NEWS