US Foreign Trade 2020

Reducing the US trade deficit is required in order to return middle class jobs back to the US. 

Top 15 countries account for 75.8% of total trade.

Country    US Exports  US Imports   Difference

China           110.0B       393.6B      -283.6B

Mexico         193.0B       295.8B      -102.8B

Canada        232.6B       245.7B      -13.1B

Japan            58.5B       108.1B       -49.6B

Germany       53.0B       104.2B       -51.2B

S Korea        46.4B         68.7B        -22.3B

UK                54.3B         45.3B        +9.0B

Switzerland  16.0B         70.1B         -54.1B

Taiwan         27.8B         54.7B         -26.9B

Vietnam         9.0B          72.7B        -63.7B

India             24.6B         46.3B        -217.0B

Netherlands 41.4B         24.9B        +16.5B

France         25.2B          39.1B        -13.9B

Italy             18.5B          44.6B        -26.1B

Top 15      919.3B       1673.0B       -753.7B

All           1299.0B       2121.1B       -822.1B

The US had a trade surplus with UK and Netherlands in 2020 and a trade deficit with the other 13 countries.

https://www.census.gov/foreign-trade/statistics/highlights/toppartners.html

Reducing the US trade deficit depends on returning production of more of what we consume to US workers. Increasing production jobs allow lower wage employees to enter the middle class and become self-supporting. Lower wage jobs can then go to teenagers to learn basic job skills.

In 2020, $68,400.00 was the median household income in the United States. This is up from $63,030.00 in 2019.

US Household Income by percentile

 %ile    2019        2020

10       14849      16020

25       31727      34301

50       64493      68400

75     114917    123580

90     187307    200968

99     483132    531020

https://dqydj.com/average-median-top-household-income-percentiles/#:~:text=In%202020%2C%20%2468%2C400.00%20was%20the,up%20from%20%2463%2C030.00%20in%202019.

Norb Leahy, Dunwoody GA Tea Party Leader