TRADE
How the U.S. trade deficit differs by country
April 2, 2025 - As President Trump attempts to equalise tariff rates between the U.S. and major trading partners, the scale of deficit the U.S. encounters differs wildly from nation to nation.
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As President Trump weighs up how to equalise tariff rates between the U.S. and major trading partners, the scale of deficit, and to a lesser extent surplus, that the U.S. encounters differs wildly from nation to nation.
In the 10 weeks since Trump took office for a second term, he’s imposed new 20% duties on all imports from China, restored 25% duties on steel and aluminium, and is due to hit Mexico and Canada with 25% tariffs that were delayed for a month.