SCLCI's Journal Bites 🍪 5 Minute Explanation of USA’s ↔️ Top International Trade Relationships
Understanding the United States of America's closest trade partnerships through visual data story telling in under five minutes, right here.
Visualized🗺️
The USA’s International Trade Relationships:
Review some of the best fast-review visuals to understand the status of current trade relationships between the United States and it’s top trading partners worldwide.
Image by visualcapitalist.com
Source: bea.gov (2022 trade data) Trade groupings by Beaurau of Economic Analysis
The USA’s Top Trade Partners
Combining the value of imports and exports for the United States' top trade partners in 2023 📆 for goods and services exchanged 💲↔️💲 reveals the following:
🥇Mexico with nearly $798 billion USD
🥈Canada $773 billion USD
🥉China $575 billion USD
#supplychain #logistics #globaltrade #trending
https://usafacts.org/articles/who-are-the-uss-top-trade-partners/
Despite recent trade tensions, China 🇨🇳 remains one of the largest annual trade partners for the USA 🇺🇸
Ahead in commercial exchange with the United States are both Mexico and Canada which participate in the United States, Canada, Mexico trade agreement known as CUSMA or USMCA.
🥇1st is Mexico 🇲🇽
🥈2nd is Canada 🇨🇦
#supplychain #logistics #globaltrade #trending #2025
The USA. Now (2023) & Then (2010).
The USA and China 📬
In 2024 China was the 3rd 🥉 largest trading partner of The United States of America at $582 billion USD in two-way commerce.
💰➡️⬅️💰
China is behind only two other countries in terms of commercial trade value with The United States. The country is subject to the greatest change in tariffs from the USA and are responding in kind.
Another notable change is the removal of de minimus exemption which formerlly enabled small packages to be recieved by US consumers with a tax-free exemption.
In recent years an explosion of e-commerce in North America can be largely attrubuted to a lack of duties on lightweight low cost goods like factory produced clothing, and other individually mailed consumer items.
As a direct result of the de minumius exemption retraction, all inbound parcels, including those arriving together and packed into thousands of shipping containers destined for American homes or small businesses, will be taxed.
(c) Duty Rates.
US transportation carriers must collect and remit duties to CBP for shipments to the United States from the Peoples Republic of China (PRC) or Hong Kong
Transportation carriers must apply the same duty collection methodology to all shipments; however, may change their collections process once each month.
🏠📬 🚚…… 🛳️ 🌊 🌊🌊🌊 ……. 🏭🏭🏭
Shipments using the international postal network destined for US addresses are subject to customs duties effectively on the following dates:
(i) Ad Valorem Duty.
30 % the value of postal items containing goods for merchandise on May 2, 2025.
(ii) Specific Duty.
$ 25 USD per postal item containing goods for merchandise on May 2, 2025, and..
$ 50 USD per postal item containing goods for merchandise on June 1, 2025.
https://www.ghy.com/trade-compliance/us-de-minimis-exemption-ends-for-china-low-value-imports/
Global Trade with the USA 🚚 ….
All things considered, international trade is changing dramatically. The recent updates to USA’s international policies have significantly disrupted the economic stability of global markets and a sense of uncertainty is obvious.
Despite certain unpopularity of extreeme changes as implicated in domestic markets the trade relationship ‘re-work’ in process is continuing and what is unclear is how long or far-reaching the effects will last.
https://www.freightwaves.com/news/china-raises-retaliatory-tariffs-on-us-goods-to-125
Visualized: The USA’s New Tariffs
Image by https://www.voronoiapp.com/economy/US-Tariffs-on-the-World-4590
Data Source: usa.gov
