ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Germany, Great Britain, China, and France
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the Central American countries
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Canada, Mexico, and China
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the Middle Eastern countries
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Detailed explanation-1: -Mexico ranked as the United States’ top trading partner in August, accounting for $70.3 billion in cross-border commerce according to the most recent data from the U.S. Census Bureau. It marks the first time Mexico has been the No. 1 trading partner of the U.S. since January.
Detailed explanation-2: -The United States is Mexico’s most important trading partner, and U.S.-based companies account for more than half of Mexico’s foreign investment. The United States is also the source of between two-fifths and one-half of Mexican imports and the destination for some four-fifths of the country’s exports.
Detailed explanation-3: -China was the United States’ third-largest trade partner in 2021. In 2021, 8.6% of total U.S. exports of $1.8 trillion to the World were exported to China and 17.9%of total U.S. imports of $2.8 trillion were imported from China.