Skip to Main Content Skip to Navigation Skip to Footer
U.S. Trade Agreements web site banner - A joint effort between the Departments of Agriculture, Commerce, State, Treasury and the Office of the United States Trade Representative.

Trade Fact of the Day

Korea is a $1 trillion economy and the 7th largest U.S. trading partner.

About Trade

"Trade fosters human opportunities that build hope and give people a stake in their society's success."

John D. Negroponte
Deputy Secretary of State
September 18, 2007

Site Updated: May 15, 2008

News Highlights

Image of Colombia Tariff Ticker, showing $1,00,313,058 and 531 days. Click to go to trade.gov.

$1,000,000,000 Tax on U.S. Exports to Colombia

Washington (May 5)—Commerce Secretary Carlos M. Gutierrez today released the following statement regarding the estimated tariffs imposed on American-made goods exported to Colombia. Since the signing of the U.S.-Colombia Trade Promotion Agreement (TPA), American goods have faced more than an estimated $1 billion in Colombian tariffs. Tariffs are taxes that make American goods more expensive and less competitive. (More)