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U.S. states and territories by imports 2018 (in current dollars) National rank State/territory Imports in US$ [7] [8] % of states GDP [9] Largest source [8] Largest import product [8] — United States: $2,540,805,731,547 12.2 China: computer and electronic products 1 California: $441,019,089,038 14.6 China: computer and electronic products 2 Texas
Discontinued its own line of mobile phones and became a national distributor for Chinese mobile brand Honor. [10] Canada: BlackBerry Limited: Ended smartphone production in 2016; brand licensing agreement with TCL Communication ended in 2020. China: Konka Indonesia: Mito Italy: Telit Malaysia: Ninetology. Now an electric bicycle branded as E-Nine
It was argued that the export ban was being used as leverage by the United States as part of an ongoing trade dispute with China. [44] [45] On 7 June 2018, ZTE agreed to a settlement with the Department of Commerce in order to lift the import ban. The company agreed to pay a US$1 billion fine, place an additional US$400 million of suspended ...
Reuters reported in July that the U.S. planned to unveil a new package of export controls on China, including adding about 120 Chinese entities to its restricted trade list.
Looking back to the US trade war with China during Trump's first term, Fed researchers noted a persistent decline in S&P 500 returns after each tariff announcement. "These stock-market price ...
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 Trump tariffs (sometimes referred to in media as the Trump–China trade war) were protectionist trade initiatives during the first Trump administration against Chinese imports.
China abused its trade relationship with the US, costing over 4 million jobs. We also lost up to $600 billion in intellectual property per year. Trump should end that horrible deal.
Balance of trade with the United States. The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment. In 2023, Mexico is still the second largest trading partner of the United States after Canada. [1]