Where Data Tells the Story
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Donald Trump’s presidency has fomented a stir across the policy spectrum, but nowhere has the impact been more pronounced than in the realm of international trade. At the heart of this disruption was America’s persistent trade deficit — a long-standing concern that drives tariffs, renegotiated agreements, and a wave of policy reforms. Yet behind the political noise, the data on U.S. Free Trade Agreements (FTAs) tells a quieter, but more revealing, story.
The U.S. currently maintains FTAs with 12 countries and 2 regional blocs — pacts designed to encourage open markets, reduce tariffs, and promote balanced trade. Yet the pattern that emerges in 2024 defies these expectations. The country’s largest FTA partners are often the very ones deepening its trade imbalance.
Key Takeaways:
Trade Size: Total value of goods traded — exports plus imports.
Trade Balance: The difference between exports and imports.
Free Trade Agreements (FTA): Deals that lower or eliminate trade barriers between the U.S. and partner countries
Note: The U.S. has 14 active free trade agreements covering 20 countries — 12 individual nations and two regional blocs: CAFTA-DR and USMCA
Data Source and Methodology:
The chart visualises total goods trade (exports + imports) in 2024 between the U.S. and its FTA partners. Trade balance is calculated as exports minus imports, shown in USD billions.
Source: Office of the United States Trade Representative (USTR)
Link: https://ustr.gov/trade-agreements/free-trade-agreements