Morethan a third of US imports — valued over US$ 3 trillion — come from Mexico, China, and Canada. The US trade deficit — exports minus imports — contracted by almost 19% in 2023.
President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States.
President Joe Biden on Thursday warned against damaging relations with Canada and Mexico, after his incoming successor Donald Trump threatened to slap tariffs on both US neighbors.
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