US has highest trade deficit in the world. Who has highest trade surplus? Here's what trade imbalance and reciprocal tariffs mean and why it matters ...

In 2024, China hit the highest recorded global surplus of $992.16 billion. Other countries topping the trade surplus list ... since vowed to retaliate as did Canada and the European Union.

The difference results in a trade imbalance with a trade deficit for the US and a trade surplus for China ... which has since vowed to retaliate as did Canada and the European Union.