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As of November 2024, the U.S. government estimated the United States's trade deficit with Canada to be US$55 billion. [7] This trade deficit is largely driven by American demand for Canadian oil; when oil exports are excluded, the U.S. has a trade surplus with Canada. [7] Roughly 60 percent of the oil imported by the United States is sourced ...
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since ...
Meanwhile, the trade deficit with Mexico stood at $131.1 billion in 2022, a 24% increase over 2021. A lower tariff of 10% was set for Canadian energy, including natural gas and oil.
The U.S. has run a trade deficit with Mexico, meaning Americans buy more from Mexico than they sell to it, since at least 1999. ... On the other hand, between 2023 and 2014, the United States saw ...
United States trade deficits from 1997 to 2021. Deficits are over 50 billion dollars as of 2021 with the countries shown. Data from the US Census Bureau.. The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries.
The US trade deficit widened to a record $945 billion in 2022, ... and the deficit with Mexico — now America’s biggest trading partner — increased $21.9 billion to $152.4 billion, ...
The U.S. deficit in the trade of goods of Mexico has widened from $106 billion in 2019 to $161 billion in 2023 (the last full year for which numbers are available).
The U.S. had a trade deficit ‒ imports exceeding the value of exports ‒ with Mexico of $152.4 billion in 2023, according to the U.S. Bureau of Economic Analysis. Its deficit with Canada was ...