United States imports Cars primarily from: Japan ($32.9B), Mexico ($26.7B), Canada ($26.4B), South Korea ($17.6B), and Germany ($13.1B). At the same year, Cars was the 1st most imported product in United States. Imports In 2021, United States imported $139B in Cars, becoming the 1st largest importer of Cars in the world. The fastest growing export markets for Cars of United States between 20 were Canada ($3.13B), Mexico ($1.05B), and South Korea ($870M). The main destination of Cars exports from United States are: Canada ($13.8B), China ($6.89B), Germany ($6.64B), South Korea ($3.26B), and Mexico ($2.75B). At the same year, Cars was the 4th most exported product in United States. While US policymakers seem to be hesitating on pursuing those opportunities, China is making progress in building new partners and agreements.Exports In 2021, United States exported $55.4B in Cars, making it the 3rd largest exporter of Cars in the world. In short, a number of nations are looking for stronger trade opportunities. Asian leaders, for example, have encouraged the Biden administration to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership-the accord crafted by 11 countries in the wake of the US rejection of TPP-though the Biden administration has indicated that it won’t support the agreement unless significant changes are made. The eagerness these days for stronger trade relations with the US is evident in our allies. On the other hand, late last year, Senators Menendez and Portman, Democrat and Republican, sent a letter to Secretary of State Blinken and Trade Representative Katherine Tai strongly encouraging the administration to begin trade negotiations with Ecuador and Uruguay that would use the bipartisan US-Mexico-Canada Trade Agreement as the basis for new trade agreements with those countries. And despite the Clinton administration’s generally pro-trade track record and her own support of TPP as Secretary of State, candidate Hillary Clinton also opposed it. In 2016, then-candidate Trump’s harsh criticism of trade deals like the proposed Trans-Pacific Partnership agreement was a central theme of his successful campaign. What’s less clear is who the political champions of trade are in the US. While recent trade data do not capture all of the fallout from COVID-19 or the war in Ukraine, and the final details of the Biden administration’s semi-conductor-related export controls have not been released, it’s clear that the days of America’s trade dominance have passed. And China is the largest external trading partner of the European Union. In South America, for places like Brazil in the Middle East, places like Saudi Arabia. In Africa, China is the top partner for countries like South Africa and Kenya. Given their proximity, those countries are hardly a surprise.īut it is also the top trader with Russia-and Ukraine. Careers, Fellowships, and Internships Open/CloseĬhina is the top trading partner to more than 120 countries.Ĭhina is the largest trading partner to Japan, South Korea, Vietnam, and Taiwan.Wahba Institute for Strategic Competition.Science and Technology Innovation Program.Refugee and Forced Displacement Initiative.The Middle East and North Africa Workforce Development Initiative.Kissinger Institute on China and the United States. ![]()
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