Who does the US trade with today?
James Williams
Published May 17, 2026
The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.
Does the US currently have any trade agreements?
The United States has free trade agreements (FTAs) in effect with 20 countries. The United States also has a series of Bilateral Investment Treaties (BITs) help protect private investment, develop market-oriented policies in partner countries, and promote U.S. exports.
What is the current US balance of trade?
Consumer products are the primary drivers of the trade deficit. In 2020, the U.S. imported $2.4 trillion in consumer goods, while only exporting $1.4 trillion. That created a $915.8 billion deficit and is the highest goods deficit on record….Primary Trading Partners of the US.
| Country | Deficit (in billions) |
|---|---|
| Total | $551.2 |
Who is the US Trade Representative 2021?
Katherine Tai
Katherine Tai, the current U.S. trade representative, was nominated by Joe Biden and confirmed by the Senate on March 17, 2021, by a vote of 98–0. Tai is the first woman of color to lead the Office of the United States Trade Representative.
How many trade deals does the USA have?
14 trade agreements
The United States has implemented 14 trade agreements with a total of 20 countries.
Is Katherine Tai Chinese?
Tai was born in Connecticut and grew up in Washington, D.C., where she attended Sidwell Friends School. Her parents, who were both born in mainland China, grew up in Taiwan and later immigrated to the United States.
Who represents us at WTO?
The U.S. Permanent Mission to the World Trade Organization represents the United States at the WTO and includes officials from USTR, the Department of Agriculture and the Department of Commerce.
The United States currently has 14 Free Trade Agreements (FTAs) with 20 countries in force; the links below will take you to their full texts. Please note that FTA countries periodically update their rules of origin, which affects tariff schedules.
Net balance of payments adjustments increased less than $0.1 billion. Imports of services increased $1.1 billion to $40.0 billion in March. Transport increased $0.9 billion….U.S. International Trade in Goods and Services, March 2021.
| Deficit: | $74.4 Billion | +5.6%° |
|---|---|---|
| Imports: | $274.5 Billion | +6.3%° |
What was the #1 US export in 2020?
America’s biggest export products by value in 2020 were refined petroleum oil, crude oil, cars, electronic integrated circuits and petroleum gases. In aggregate, those major exports account for 16.4% of overall exports sales from the United States.
What does the US trade rep do?
The Office of the U.S. Trade Representative (USTR) is responsible for developing and coordinating U.S. international trade, commodity, and direct investment policy, and overseeing negotiations with other countries.
How many trade agreements does the United States have?
The United States has implemented 14 trade agreements with a total of 20 countries. Australia The U.S.-Australia Free Trade Agreement went into force on January 1, 2005. Since then the U.S. has maintained a trade surplus, which totaled $9.3 billion in 2016.
How much does the US trade with the Philippines?
The United States and the Philippines have a strong trade and investment relationship, with over $27 billion in goods and services traded (2016).
What kind of trade does Hong Kong have with the US?
The U.S. trade surplus with Hong Kong is the single largest with a U.S. trading partner, with a surplus in 2018 of $31 billion, owing largely to Hong Kong imports of American aircraft and spacecraft, electric machinery, pearls, gold, diamonds, works of art, meat, fruit and nuts. America’s services exports to Hong Kong in 2018 were $12.8 billion.
What was the US trade surplus with Singapore?
Since the U.S.-Singapore Free Trade Agreement entered into force in January 2004, the U.S. has maintained a trade surplus with Singapore which totaled $5.6 billion in 2016. The same year, the United States exported $19.6 billion in goods to Singapore while importing $13.9 billion in goods from Singapore.
