The United States Has a Deficit With Its NAFTA Partners Canada, the United States, and Mexico are partners in the world's largest trade agreement, the North American Free Trade Agreement . The second-largest U.S. trade deficit is with Mexico at $102 billion. On the occasion of trade discussions with the European Union, President Donald Trump updated the world on his trade approach, via Twitter: Other countries treat us unfairly. The United States loses a lot on trade (presumably through the trade deficit, though deficit on goods and services in 2017 was $552 billion). The most valuable trade between the two markets is in machinery and transportation equipment, followed by chemicals, according to the European Commission. The United States has a trade deficit of $101 billion with Europe, according to US data. EU data paint a similar picture of the relationship. The European Union's trade surplus in goods with the United States increased in the first two months of 2019 while its deficit with China widened, figures that could increase global economic tensions. The EU is one of America’s largest trading partners, accounting for $806.5 billion worth of goods trade in 2018. While the U.S. exported $318.6 billion worth of goods from the EU, the imports stood at $487.9 billion, making the deficit $169.2 billion, the highest on record according to the Census Bureau. The primary 2018 U.S. trading partners are China, with a total trade of $670 billion; Canada, with $617 billion; and Mexico, with $611 billion. The trade deficit with China is $419 billion. It's responsible for 47% of the total U.S. deficit in goods. The other U.S. trading partners don't create as much of a deficit. By far the largest bilateral trade imbalance is with China. The United States ran a $419 billion goods deficit with China in 2018. The next largest contributor to the goods deficit, at $151 billion, is the European Union, followed by Mexico at $81.5 billion, Japan at $67.6 billion, and Malaysia at $26.5 billion.
The EU is one of America’s largest trading partners, accounting for $806.5 billion worth of goods trade in 2018. While the U.S. exported $318.6 billion worth of goods from the EU, the imports stood at $487.9 billion, making the deficit $169.2 billion, the highest on record according to the Census Bureau.
The EU is one of America’s largest trading partners, accounting for $806.5 billion worth of goods trade in 2018. While the U.S. exported $318.6 billion worth of goods from the EU, the imports stood More than 65% of the U.S. trade deficit in goods is with China. The $419 billion deficit with China was created by $540 billion in imports. The main U.S. imports from China are consumer electronics, clothing, and machinery. The US trade deficit narrowed to USD 50.8 billion in April 2019 from a revised USD 51.9 billion in the previous month and compared to market expectations of USD 50.7 billion. The politically sensitive goods trade deficit with China increased 29.7 percent to USD 26.9 billion. The United States Has a Deficit With Its NAFTA Partners Canada, the United States, and Mexico are partners in the world's largest trade agreement, the North American Free Trade Agreement . The second-largest U.S. trade deficit is with Mexico at $102 billion. On the occasion of trade discussions with the European Union, President Donald Trump updated the world on his trade approach, via Twitter: Other countries treat us unfairly. The United States loses a lot on trade (presumably through the trade deficit, though deficit on goods and services in 2017 was $552 billion). The most valuable trade between the two markets is in machinery and transportation equipment, followed by chemicals, according to the European Commission. The United States has a trade deficit of $101 billion with Europe, according to US data. EU data paint a similar picture of the relationship.
The EU is one of America’s largest trading partners, accounting for $806.5 billion worth of goods trade in 2018. While the U.S. exported $318.6 billion worth of goods from the EU, the imports stood
The European Union's trade surplus in goods with the United States increased in the first two months of 2019 while its deficit with China widened, figures that could increase global economic tensions. The EU is one of America’s largest trading partners, accounting for $806.5 billion worth of goods trade in 2018. While the U.S. exported $318.6 billion worth of goods from the EU, the imports stood at $487.9 billion, making the deficit $169.2 billion, the highest on record according to the Census Bureau. The primary 2018 U.S. trading partners are China, with a total trade of $670 billion; Canada, with $617 billion; and Mexico, with $611 billion. The trade deficit with China is $419 billion. It's responsible for 47% of the total U.S. deficit in goods. The other U.S. trading partners don't create as much of a deficit. By far the largest bilateral trade imbalance is with China. The United States ran a $419 billion goods deficit with China in 2018. The next largest contributor to the goods deficit, at $151 billion, is the European Union, followed by Mexico at $81.5 billion, Japan at $67.6 billion, and Malaysia at $26.5 billion.
This means that the European Union exported more goods to the United States than it imported. Put another way, the United States had a total trade deficit of $101 billion with the European Union. Mr. Trump often ignores trade in services — like finance, technology and law — when making claims about the trade balance.
On the occasion of trade discussions with the European Union, President Donald Trump updated the world on his trade approach, via Twitter: Other countries treat us unfairly. The United States loses a lot on trade (presumably through the trade deficit, though deficit on goods and services in 2017 was $552 billion).
By far the largest bilateral trade imbalance is with China. The United States ran a $419 billion goods deficit with China in 2018. The next largest contributor to the goods deficit, at $151 billion, is the European Union, followed by Mexico at $81.5 billion, Japan at $67.6 billion, and Malaysia at $26.5 billion.
2018 : U.S. trade in goods with European Union . NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade. goods and services trade deficit with the EU was $109 billion in 2018. The United States had a $807 billion in total (two ways) goods trade with European Union countries during 2018. Goods exports totaled $319 billion; goods imports totaled $488 billion.