U.S. trade deficits and Trump’s new tariffs: which countries are getting hit the hardest?

U.S. trade deficits and Trump’s new tariffs: which countries are getting hit the hardest?

The U.S. reported major trade deficits in February 2025 with China, the EU, and Mexico—just as President Trump’s latest round of ‘reciprocal’ tariffs took effect. Here’s a breakdown of who’s facing the steepest penalties, and why some key allies like Canada and Mexico are exempt.

U.S. imports from Mexico, Canada and China— explained in 3 charts

U.S. imports from Mexico, Canada and China— explained in 3 charts

Trump’s second presidency comes with a series of executive actions—most focusing on making the country more self-reliant, and reducing dependence on foreign economies. We delve into the data to uncover where China, Mexico, and Canada really stand as key trading partners of the U.S. — all in just 3 charts