Foreign trade of the United States

Average tariff rates (France, UK, US)
Average Tariff Rates in US (1821–2016)
Imports vs exports & net imports
Deteriorating US net international investment position (NIIP) has caused concern among economists over the effects of outsourcing and high US trade deficits over the long-run.[1]

Foreign trade of the United States comprises the international imports and exports of the United States. The country is among the top three global importers and exporters.

Merchandise exports (1870–1992)
US manufacturing employment

The regulation of trade is constitutionally vested in the United States Congress. After the Great Depression, the country emerged as among the most significant global trade policy-makers, and it is now a partner to a number of international trade agreements, including the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). Gross U.S. assets held by foreigners were $16.3 trillion as of the end of 2006 (over 100% of GDP).

  1. ^ Cite error: The named reference Bivens was invoked but never defined (see the help page).

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