According to US statistics, US trade with China has declined from 16.34 percent of its total trade in 2017, to 13.08 percent in 2022. According to Chinese statistics, China's trade with the US declined from 14.21 percent of its total trade in 2017 to 12.04 percent in 2022. Since 2017, the importance of bilateral trade between China and the US for their respective foreign trade has declined to varying degrees. In doing so, the US uses various political, economic, and security issues to intensify the siege of China's manufacturing in the global market.
However, judging from the current trajectory of Sino-US relations, the weakening or "decoupling" of economics and trade will become a trend, not a U-turn, and a "slow downhill" path is certain. Since the normalization of US-China relations in 1978, bilateral relations have gone through storms, ups, and downs, but economic and trade relations have always been on the rise, tying the two sides of the Pacific Ocean together. Is trade still the ballast stone of US-China relations? By Global Times Published: 12:43 AMįile photo: China USChina's Minister of Commerce Wang Wentao will visit the US and meet with US Commerce Secretary Gina Raimondo and US Trade Representative Katherine Tai next week, according to Reuters.Įconomic and trade relations play a ballast role in the US-China relationship.
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