Phnom Penh (FN), Dec. 30 – Exports to Canada, Mexico, and China—America’s top three trade partners—supported more than four million jobs in 2022.

Top US exports—automotive to Canada, energy to Mexico, and agriculture to China—could face pressure from retaliatory tariffs, impacting various parts of the economy.

President-elect Trump has proposed tariffs of 25% on imports from Canada and Mexico and 10% on China. Ongoing North American talks may ease these rates, especially if national security concerns are addressed.

The EU may also face tariffs due to perceived imbalances, such as discrepancies in tariffs on passenger vehicles and agriculture, despite similar average rates (3.3% US vs. 5.0% EU). The $230 billion US-EU trade deficit, largely attributed to macroeconomic factors, is a key point in these discussions.

This article was originally published on Voronoiapp.
=FRESH NEWS