7 hours agoHow much is the trade between China and the United States?
Periskopi(a year ago)
(a year ago)The trade of goods between the two economic powers increased to around $585 billion last year. The US currently has a trade deficit with China: last year, the US imported much more from China (440 billion dollars) than China imported from America (145 billion dollars). In his first term as president, [...]
The US currently has a trade deficit with China: last year, the US imported much more from China (440 billion dollars) than China imported from America (145 billion dollars).
In his first term as president, Trump imposed important tariffs on China, which were held in the country and increased by his successor Joe Biden, writes. BBC, broadcast Periscope.
Together these trade barriers helped reduce goods that the US imported from China from 21% of America's total imports in 2016 to 13% last year.
This means that US support from China for trade has been reduced over the past decade, although analysts stress that some exports of Chinese goods to the US have been redirected through Southeast Asian countries. /Periscope/
