As President-elect Donald Trump's incoming administration prepares to hike tariffs, Newsweek has mapped the U.S.'s trade relationships with the rest of the world.
On Monday, Trump announced plans to impose a 25 percent tariff on goods from Canada and Mexico, saying the policy would help stem the flow of immigration from both countries.
"As everyone is aware, thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before. Right now a Caravan coming from Mexico, composed of thousands of people, seems to be unstoppable in its quest to come through our currently Open Border," the president-elect wrote on Truth Social.
"On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25 percent Tariff on ALL products coming into the United States, and its ridiculous Open Borders," he added.
As the U.S.'s nearest neighbors, Canada and Mexico are its two largest trade partners, with Mexico trading the equivalent of $798,835 million in 2023, while Canada traded $774,331 million.
The third largest trading partner, and the largest partner outside North America, was China—with a trading relationship worth $575,035 million. The U.S.'s fourth largest trading partner was Germany, with $236,420 million, making it the largest partnership with a European country.
As of 2023, the U.S.'s smallest trading partner was the island nation of Tuvalu, located in the Pacific Ocean between Hawaii and Australia, which had a partnership worth $1 million.
The map below, based on data from the U.S. Census Bureau, shows the United States' largest trading partners.
Shortly after Trump announced the new tariff policy, the Canadian Business Council issued a statement saying it "strongly opposed" the plan. The organization said the policy would "harm businesses on both sides of the border and erode the economic and geopolitical strength of North America."
Candace Laing, the president of the Canadian Chamber of Commerce, said in a statement: "Being America's 'nice neighbor' won't get us anywhere in this situation. President-elect Trump's intention to impose 25 percent tariffs signals that the U.S.-Canada trade relationship is no longer about mutual benefit. To him, it's about winners and losers—with Canada on the losing end.
"We're facing a significant shift in the relationship between long-standing allies. Canada's signature approach needs to evolve: we must be prepared to take a couple of punches if we're going to stake out our position. It's time to trade 'sorry' for 'sorry, not sorry.'"
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