You are appointed as an advisor to the US President and your job is to make recommendations on US Trade policy. You are given the following data showing the top trade partners of the US and the particular trade balances the US has with these nations. Outline a trade policy for the President for the next decade. Evaluate the effectiveness of any trade pacts or agreementsthe US currently has in place with these countries.

Total Goods Trade 2018 Country Exports Imports Total % of Total Rank Total All Countries 1.664.1 4,306 8 100.0 Total Top 15 1.229.9 1,867.3 3,097.2 73.6 China 120 5 505 Canada 298.7 318.5 617 14.7 Mindco 14.5 Japan 75 0 142.6 2176 5.2 4.4 Germany 57.7 175. 183 6 Korea, South 56.3 74.3 130 6 3.1 United Kingdom 66 2 6OLB 127.0 3.0 Franc 36.3 52.5 2.1 indu 35.1 54.4 475 2.1 Taiwan 45.B 760 1.8 Netherland 494 24.6 740 1.8 395 31.2 70 7 1.7 Brazil Singapore 60 4 1.4 Belgium 314 17.2 48 6 1.2 Hong Kong 375 6.3 43 8 1.0 Wi Other Countries 434.2 1,109.6 26 4 Top 15 Countries with Surplus Top 5 Countries with Surplus Country 2018 Rank 2014 - 2018, sorted by 2018 Hong Kong 31 1 Netherlands 24 8 Aunitralia 15 2 United Arab Emirates 145 Belgium 142 Brazil Panama 64 10 Singapore United Kingdom 5.4 Argentina $1 10 HOME Netherlandustralla United Belgium Chile 40 11 Kong Arah Dominican Republic 13 Qatar 29 Bahamas 27 2014 2015 2017 Exyet Top 15 Countries with Deficit Top 5 Countries with Deficit Country 2018 Rank 2014 - 2018, sorted by 2018 China 419.3 Mexico 81.5 Germany Japan Ireland Vietnam 395 Italy Malaysia .26.5 India -31.1 Canada -19.8 10 Thailand -19.1 11 Switzerland -18.9 12 China Mexico Germany Ireland Korea, South -17.9 France -16.2 14 2014 2015 2016 2017 2018 Taiwan 15.5Valyria in billions of dalers Exports Imports Country 2018 % of Total Rank Country 1018 * of Total Rank Total All Countries 2,5427 100 0 Total All Countries 1,6641 100.0 1,3259 73.9 Top 15 Countries 2,002 7 Top 15 Countries 2987 China 5395 21. Canada 13.6 Mexico 265 0 159 Mexico 120 3 J.2 Canada 3185 12.5 China 75 0 1426 5.6 Japan 45 Japan United Kingdom 66 2 Germany 125 9 50 57.7 3.5 Korea, South 743 2.9 Germany 56 3 3.4 United Kingdom 60.8 2.4 Korea, South 2.1 Netherlands 49 4 Ireland 535 54.7 Brazil 395 Italy 10 Hong Kong 375 2.3 10 India 54.4 1.1 France 36.3 2.2 11 France 525 1.1 1.9 Singapore 131 2.0 13 Vietnam India 121 2.0 Taiwan 45.A Belgium 31.4 1.9 14 Switzerland 41 1 1.6 394 1.5 Talwan 30 3 15 All Other Countries Wi Other Countries 313 U. 5. Exports, Top 5 Countries of Destination U. 5. Imports, Top 5 Countries of Origin 2014 - 2018 2014 - 2018 China Canada 305.3 Mexico Mexico 415-9 Canada China 3185 1514 Japan 740 1343 1749 114.1 United Kingdom Germany 1259 150 206 250 300 350 300 600 50 2015 2016 2017 2014 2015 2016 2017 2018