The U.S.-China trade relationship is one of the most significant in the world, driving global supply chains and economic growth. China is a top export market for U.S. goods, while the U.S. is the largest destination for Chinese exports. This trade has brought lower costs for U.S. consumers and higher profits for companies, supporting over a million U.S. jobs. However, tensions have grown. Tariffs from 2018-2019 reduced the U.S.’s share of China’s trade, and the U.S. now accounts for less than 15% of China’s total imports and exports. Meanwhile, China has diversified its trading partners, boosting exports to Southeast Asia and reducing reliance on U.S. commodities like soybeans and wheat. Despite challenges, trade remains crucial for both countries, underscoring their economic interdependence even amid shifting policies and geopolitical tensions.

Image courtesy of interviewee. January 1, 2025