The newly elected President of the United States, Donald J. Trump has threatened the use of border tax as a means to increase manufacturing in the United States and bring back jobs and going by his record so far, he is very much likely to proceed to impose it. The unconfirmed reports suggest that the President and his Republican friends are planning a 20 percent tax on imports, which could considerably change the global trade.

The following are the five countries, which could get badly hurt if such a tax is imposed.

• The biggest loser would be China. According to latest data available, the total trade in goods between China and the United States for first 11 months of 2016 is more than $500 billion. China has the biggest trade surplus with the United States, amounting to $367 billion in 2015.
• President Trump has not been critical of Canada as he has been of Mexico but the biggest North American country is one of the biggest trading partners of the United States. Total trade in goods amounted to $500 billion for the same period of 2016. But the trade deficit is relatively small compared to the size of the mutual trade. It was just $15 billion in 2015.
• Mexico will definitely be one of the biggest losers of the border tax. Total trading value (both way) of goods was $531 billion in 2015 and the trade deficit for the United States has been $58 billion in 2015.
• The next biggest trading partner in goods is Japan. In 2015, the two countries traded $193.6 billion worth of goods with $68.6 billion deficit.
• While the amount of total trade between the US and Germany has been smaller than that of Japan with $174.8 billion, the European country accounts for a larger deficit with $74.9 billion.