This statistic shows the estimated value of the retaliation limits permitted by the World Trade Organization for major trading partners of the United States should a case be brought against the United States as a result of President Trump's proposed tariff on steel and aluminum imports, as of **********. The retaliation limit is based on the estimated export losses due to Trump's trade tariffs. Should such a case be successful these figures show the retaliation capacity of each country as they could then impose tariffs against the United States on other products to the prescribed value without breaking World Trade Organization regulations.

It is estimated that if the case were successful, Canada would be able to impose tariffs on U.S. imports to the value of *** billion U.S. dollars. This retaliation limit would be awarded to them by the World Trade Organization, allowing tariffs that would normally risk sanctions. The *** billion U.S. dollar retaliation limit would be afforded to Canada in response to the expected * billion U.S. dollars in lost steel exports and *** billion U.S. dollars in lost aluminum exports if the tariffs were to be imposed.

The U.S.-China trade war between mid-2018 and the end of 2019 was estimated to cause the United States a loss of **** billion U.S. dollars on agricultural product exports. In 2018 and 2019, China imposed several retaliatory tariffs on U.S. products, leading to an approximately ** percent decrease in U.S. exports to China.

The United States recorded a trade deficit of 71.52 USD Billion in May of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around ***** billion U.S. dollars.

Nvidia's stock faces a third consecutive session of losses amid US-China trade tensions, with new tariffs and export restrictions impacting market confidence.

United States Imports from India was US$91.23 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from India - data, historical chart and statistics - was last updated on July of 2025.

Currently, China manufactures about 20 percent of intermediate products traded in the global supply chain and Chinese intermediate products represent a critical element of the global value chain of the metal and metal products sector. For this reason, the disruption caused by COVID-19 in China alone is expected to reverberate on the economy of many other countries worldwide. In the European Union, the metal industry is expected to lose over one billion U.S. dollars from a two percent reduction in China exports of intermediate inputs.

China's output of metal products As a fast-growing economy, China is one of the major producers of various metals necessary for industrial production. The country produces metals not only to meet the internal demand, but also to export overseas. As of 2017, China’s raw steel production was over 831 million metric tons. Its export volume of semi-finished and finished steel products amounted to over 68 million metric tons in 2018. In the same year, rolled aluminum exports from China were worth over 15 billion U.S. dollars, up from 4.6 billion U.S. dollars in 2009. China’s share of fabricated metal product exports between 2013 and 2017 accounted for 23 percent of the global market.

International trade of metals In 2018, China was the largest steel exporter, with a trade surplus of 54.4 million metric tons. On the other hand, Europe and North America were major importers of steel. That year, the trade deficit of North American steel imports and exports amounted to 31.3 million metric tons. During that same year, Japan was the second-largest steel exporter, with approximately 36 million metric tons of steel exported to countries across the globe. Despite the large trade flows of metal products across countries, some countries impose various trade restrictions to favor local producers of metals. Currently, the trade war between the U.S. and China is one of the major events affecting global trade. As of February 2020, the estimated levy from tariffs imposed on U.S. steel and aluminum imports to China amounted to about one billion U.S. dollars.

China recorded a trade surplus of 114.77 USD Billion in June of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Vietnam recorded a trade surplus of 0.56 USD Billion in May of 2025. This dataset provides the latest reported value for - Vietnam Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.