ISTANBUL
US imports from its major trade partners now facing tariff threats, namely Canada and Mexico, as well as China, last year totaled $1.4 trillion.
The figure rose 3% year-on-year, according to International Trade Center (ITC) data compiled by Anadolu.
US President Donald Trump’s tariff threats are shaking world markets. Trump imposed an additional 10% tariff on China after taking office in January and is still threatening Canada and Mexico with tariffs.
Trump is introducing new trade and economic policies via executive orders, in line with his “Make America Great Again” (MAGA) slogan. Concerns over the possible impact of his tariffs on global trade are on the rise.
Trump recently signed an executive order to impose a 25% tariff on all steel and aluminum imports – the tariff applies at a global scale, triggering reactions from the EU and other blocs and countries.
What the tariffed countries will do in the days to come has become the center of global economic debate.
Mexico’s imports to the US last year rose 6% to $510 billion, making it the US’ largest trading partner, followed by China with a 6% increase to $462.7 billion, and Canada with a 2% decline to $422.2 billion.
Some 42% of all imports to the US were from China, Canada, and Mexico, the data showed.
The US bought a total of $137.2 billion in machinery and equipment and $87.6 billion in electrical machinery from Mexico last year.
The highest increase in Mexican imports to the US was in machinery and equipment with $24.2 billion, followed by motor vehicles and spare parts with $7.2 billion, and electrical machinery and equipment with $2 billion.
The largest drops were seen in mineral fuels with $8.2 billion, furniture products with $538 million, and iron and steel materials with $486 million.
The largest Chinese imports to the US in 2024 were electrical machinery and products with $127.1 billion, motor vehicles and spare parts with $85.1 billion, and toys, sports equipment, and accessories with $32 billion.
The highest increase in imports from China to the US was seen in medical products, which rose $1.8 billion, and motor vehicles and spare parts, up $1.6 billion, while toys, sports equipment, and accessories declined $1.3 billion and machinery and equipment fell $254 million.
As for Canada, the largest import item the US’ northern neighbor was mineral fuels with $131 billion, followed by motor vehicles and spare parts with $50.8 billion, and machinery equipment last year with $30.3 billion.
The biggest increase in imports from Canada to the US was in mineral fuels, up $1.4 billion, and air and space vehicles and parts gaining $1.3 billion, while railway and tram vehicle imports declined $5.6 billion, precious stones, metals, and imitation jewelry fell $3 billion, and machinery equipment imports dropped $1.6 billion.
