Aug 10, 2024
Countries Most Exposed to Trump's Trade Policies 🚢
What We’re Showing
During his tenure in the Oval Office, Donald Trump showed he wasn't afraid to make sweeping policy decisions that had impacts reaching beyond U.S. borders. This graphic shows the countries most exposed to potential trade policy shifts under a Trump presidency, based on data from The Economist.
Methodology
Each country was given a score based on six trade indicators: bilateral trade balance, trend in bilateral trade, current-account balance, sensitive exports to the U.S., reliance on U.S. in goods and trade, and free-trade agreement with America.
Key Takeaways
- As the largest exporter to America, Mexico faces the highest trade risk exposure due to its $152 billion trade surplus, which has jumped nearly 40% since 2020
- Reducing trade surpluses is a key objective for Trump, particularly for exports including steel and automotives
- China, which has the biggest trade surplus with the U.S. across all of its trading partners, has the second-highest risk
- Ranking in third is Canada, which could see a 10% blanket tariff on goods under Trump, significantly impacting billions of dollars of exports in crude petroleum, cars, and petroleum gas