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What does Trump’s second term for Washington, Business and the world mean

Latest trade data

Overall, the US trade deficit, covering both goods and services, was $ 71.5bn in May, above $ 60.3BN in April. Increase in deficit exports was inspired by decline, according to Economic analysis bureau,

Interactive: Explore global trade

America is the largest single importer in the world, which plays an important role in the global flow of goods. But business volumes and partners vary greatly by sector.

Overview of US trade in goods

Mexico has been the largest foreign supplier of goods in the US annually since 2023, after the fall in imports from China during Trump’s first term as President of Tariff.

Canada, China and Mexico are the three largest suppliers in the US, accounting for more than 40 percent imported goods.

Overall, the US runs an annual global trade in the lack of goods in more than $ 1TN, but the picture varies quite vary per-country level.

Canada (fuel), China (electrical equipment) and Mexico (vehicle) export each export to the US at least one category in more than $ 100BN.

Mexico and Canada are more dependent on exporting to the US than other G20 countries.

Trade observation in services

According to the OECD, in 2023, the top three suppliers of services for the US were UK (13.4 percent of total American service imports), Canada (6.8 percent) and Germany (6.4 percent).

The top export markets for US services were Ireland (12.3 percent of US services exports), Canada (7.6 percent) and UK (7.3 percent) during the same period.

Explore individual trade in services using the interactive chart below in the country’s data (import, export and overall balance):

Reporting by Allen Smith, William Croffs, Jonathan Vincent, Oliver Hawkins, Martin Stebe, Sam Learner and Eva Jio. Additional Development by Caroline Navit, EAD Hemingway and Baku Eto