Description
Last year, trade between the US and China hit a record high, even though US relations with China were getting worse. Official figures show that trade between the two countries was worth $690.6 billion (£572.6 billion) in 2022. After a Chinese balloon flew across the US, US relations with China are now at an all-time low. Beijing denies that we used it to spy. Since 2018, the two largest economies in the world have also been in a trade war. The new numbers show that US imports from China rose to $536.8 billion last year. This is because more Americans bought toys and cell phones made in China. The US sent $153.8 billion worth of goods to China during the same period. Some of the increase in trade between the US and China is due to the rising cost of living, but the numbers also show how dependent the two countries still are on each other, even after years of fighting over trade.
US Relations with China
