Trades in USA

By Fernanda Elizalde

Nowadays the trade between the United States of America and People’s Republic of China has begun, they are entering the first phase of the project. As well as this trade, one of the most important agreements US has is with México and Canada.

It is important to highlight that China is the number one country in spending money in the US. Although some US manufacturing jobs have been lost because of the trade deficit, US firms sell high-value products to China, including cars and trucks and construction equipment which support jobs. By 2030, we expect US exports to China to rise to more than $520 billion.

With this graph we can see that in 2018 the top countries that US exports to are Canada, México and China, meaning they are the ones who spend more money in the country.

Knowing that China is the number one worldwide productor, creating a commercial agreement will facilitate the exportations and importations with US and vice versa. Also with the trade they can be a higher diversity in product and more money movement worldwide.

Currently, the USA are one of the most powerful countries in the whole world, and by implementing this kind of agreements, they are boosting their economy as well as the one of their partner countries.