The U.S. currently has import quotas on steel product imports from South Korea, Brazil, and Argentina and on aluminum products sourced from Argentina, per the CBP (U.S. Customs and Border Protection).

Trade balance, or the difference between imports and exports, also narrowed to $20.13 billion in June against $22.07 billion last year, data released by the commerce ministry showed on Friday.

Too Much Import, Too Little Export. Listen · 9:39 9:39. ... And the enormous shipping rate difference between Asia-North America routes means cargo ships are leaving American ports empty.