RE: Live updates2 Feb 2025 12:35
Explainer
How much does the US import from Canada and Mexico?
US President Trump’s imposition of tariffs on Canada and Mexico is expected to hit the two countries hard, as trade makes up 70 percent of both economies’ GDP, according to the UN Commodity Trade Statistics Database (Comtrade).
According to Comtrade, 78 percent of Canada’s $567 billion in yearly exports go to the US, and 80 percent of Mexico’s $593 billion in exports go to the US.
In contrast, the US, which imports $3.17 trillion worth of goods and commodities every year, gets only 14 and 15 percent of that total from Canada and Mexico respectively, leaving it with many other trading partners and options for imports.
These imbalances could give the US significant leverage over its North American neighbours in negotiations.