Just the Facts About US Trade & Tariffs

Steve Ballmer talks through US trading partners, imports & exports and how tariffs factor in In 2024, the US imported $4.1 trillion and exported $3.2 trillion in goods and services. Higher tariffs can raise prices and the US jobs impact is complex (lower tariffs can cause job losses in some sections and job gains in others). Learn More: https://usafacts.org/articles/what-are-tariffs-and-how-do-they-work/ https://usafacts.org/answers/what-is-the-value-of-us-trade/country/united-states/ https://usafacts.org/articles/who-are-the-uss-top-trade-partners/ https://usafacts.org/articles/what-are-the-top-us-exports-to-china/