Figure 3: US trade deficit shifts from China to Vietnam and Mexico in line with China's increased exports to Vietnam and Mexico
US trade deficit to China, Vietnam, and Mexico, and China’s exports to Vietnam and Mexico, [USD, bn]
US
Trade deficit to China
US
Trade deficit to Vietnam
US
Trade deficit to Mexico
China’s
exports to Vietnam
China’s
exports Mexico
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
−700
−650
−600
−550
−500
−450
−400
−350
−300
−250
−200
−150
−100
−50
0
50
100
150
200
2012 US anti-dumping and countervailing tariff on Chinas Solar PVs (Photovoltaic)
2018 US-China trade war