On August 27, The Trump administration announced that it had reached a bilateral trade agreement in principle Mexico and pledged to move forward with it regardless of whether Canada joins, potentially upending commercial relations with its top trading partner.
What would a trade deal without Canada look like by the numbers? U.S. trade with its northern neighbor has grown by $200 billion over the past 15 years. U.S. imports from Canada and U.S. exports to Canada totaled over $580 billion in 2017. Excluding Canada from a trade deal with Mexico would leave over half of U.S. trade in the NAFTA region and 15 percent of global U.S. trade outside of a free trade agreement and exposed to additional tariffs.
|U.S. Value of Trade with NAFTA Partners, Billions USD|
|Data: U.S. Department of Commerce; Total of trade is the sum of imports and exports.|