The US is in the process of reducing its $1.2 trillion Annual Trade Deficit by using Tariffs to engage with Trading Partners. These trade agreements will be individual agreements with each trading partner country.
The Global Trading practices that began in the 1990s has hollowed out US manufacturing jobs that need to be returned to the US to Defense Capability, restore the US Middle Class and regain its standard of living. The US is also ending the Climate Change scam and is offering to export oil, natural gas and coal to countries that need them. The US is increasing its oil and natural gas production to increase supply in order to reduce the global cost of energy.
The US is asking for US access to export goods to these countries and requires reductions in their trade barriers.
Reciprocal Trade is the Goal where Annual $Imports match $Exports.
Countries By Debt to GDP 2024
US Imports are the highest in Mexico, China and Canada. The US Trade Deficit needs to be lowered with countries where the US has a high trade deficit.
Country Debt to GDP
US Imports 2024
Mexico 57.6% $509.96B
China 68.1% $462.62B
Canada 112.9% $421.21B
Germany 62.68% $163.39B
Japan 259.4% $152.07B
Vietnam 33.81% $142.48B
South Korea 51.3% $135.46B
Ireland 41.6% $103.76B
India 81.59% $91.23B
There are ways countries can adjust their economies if manufacturing moves out to return to the US.
Mexico should develop their own manufacturing companies to replace their US auto and auto parts plants and preserve the manufacturing capabilities developed by their population.
China should invest less in expanding their Military and invest more on manufacturing goods to replace their US customers.
Canada can sell more oil, natural gas and other resource materials to Europe and Asia. Canada should develop their own automobile company to sell to cold climate trading partners.
All other affected countries should use similar tactics to preserve their manufacturing capabilities and put their people first.
Wars need to end. Iran needs to stop funding their nuclear program and end its support of Terror Groups.
Country Debt to GDP
Iran 42.4%
Palestine 18.67%
Israel 70.7%
Russia 17.0%
Ukraine 47.6%
Iran is funding Terror groups to attack Israel. China is funding Russia to attack Ukraine. China is likely to continue to buy Oil and Natural Gas from Russia, but it is likely that Europe and Asia will likely opt to buy Oil and Natural Gas from the US to balance its trade with the US.
There are 30 countries with high Debt to GDP above 95%
Country Debt to GDP
Japan 259.4%
Sudan 200.4%
Greece 194.5%
Eritrea 179.7%
Singapore 159.9%
Maldives 154.4%
Lebanon 150.6%
Italy 150.3%
Cape Verde 145.1%
Barbados 135.4%
Venezuela 133.6%
Bhutan 132.4%
US 128.1%
Suriname 125.7%
Portugal 125.5%
Zambia 119.1%
Spain 118.3%
Canada 112.9%
France 112.8%
Belgium 109.2%
Montenegro 107.4%
Mozambique 106.4%
R Congo 103.6%
Bahamas 103.3%
Sri Lanka 103.1%
Dominica 102.7%
Antigua B 101.5%
Cyprus 101.0%
UK 95.4%
https://www.datapandas.org/ranking/countries-by-national-debt#hong-kong
Comments
The governments of the 30 countries with high Debt to GDP listed above have “overspent” and have mortgaged their countries for multiple reasons. They have all added their debt repayment plus interest to their budgets. Japan has invested in their manufacturing expertise and has funded this from the healthy savings of their citizens.
The return of manufacturing for industries that support US Defense capabilities are not negotiable. The US needs to reshore Steel, Aluminum, Auto and Auto Parts manufacturing and Pharmaceuticals.
Norb Leahy, Dunwoody GA Tea Party Leader
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