Trade Report Shows Mexican, Canadian Two-Way Trade in Goods With US Larger Than China's
Imports from China to the U.S. fell 12 percent in the first half of 2019 compared with the January-June period in 2018, and exports to China fell by nearly 19 percent, a new Commerce Department report found. Although imports and exports to Canada were also down, Canada has now surpassed China as the second-largest U.S. trading partner in goods. Mexican imports were up 6.7 percent in the first half the year, and it is now the top trading partner in goods, with $311 billion in two-way trade from January to June. Canada was at $306 billion, despite a decline in both import and export volume. China's two-way trade with the U.S. was close to $290 billion.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The U.S. still imported more goods from China than any other country, however, with $235 billion imported in the six-month period. The U.S. imported $255 billion from the 28 European Union countries, which share a customs union.