<!–>
–><!–>
–><!–>
–><!–>
<!–>
–>
Mexico’s, Vietnam’s and Canada’s surpluses with the US have climbed since Trump’s first term. Some of that comes down to re-routing as Chinese companies set up shop in places like Mexico and Vietnam to skirt tariffs as they sold their wares to America. Trump officials are reviewing those and other practices, with reports due back to the president on April 1 — a date that may herald an escalation in tariff actions.<!–>
–>
<!–>
–>
<!–>
–>Note: All data from the US Census Bureau represents total US import value in 2023. X-axis is on a log scale<!–>
–><!–>
–><!–>
<!–>
–><!–>
[–>
–>Note: Stable is defined as change between -0.1pp and +0.1pp with both the US and China<!–>
–>