Aside from canada, who is the US many critical traffic partner? I’m meditative it is China, though my hermit thinks it’s still Japan
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{ 1 comment… read it below or add one }
Canada is the US’s most important trading partner, quantitatively, the US exports more to Canada than the US imports from Canada.
US has a big trade deficit with China of $202 billion (in 2005).
US is the world leader in the combined volume of exports and imports
International trade links world economies b/c changes in economic conditions in one country can quickly affect another. (See Blog)
The U.S. dependence on foreign oil is reflected in its trade with members of OPEC.
Currently, the U.S. provides about 9 percent of the world’s exports.
Exports of goods and services make up about 11 percent of total U.S. output, which is much lower than the percentage of services in many other nations.
China has become a “major” international trader, also its US’s second most important trading partner. Other Asian economics are also active in international trade.