"Deep economic ties Were all trade between the world powers to cease, experts say the US economy would struggle more than Chinese economy. Scott Kennedy of the Center for Strategic & International Studies (CSIS) in Washington D.C. says the mutual dependence of both sides "remains quite high." "Despite economic security concerns, both sides still gain significantly from trade," he told DW. However, the US-China trade gap is quite significant."
"Over the past decade, the US trade deficit with China has widened from $295 billion (252 billion) to $382 billion. In 2024, China exported goods worth $526 billion to the US more than triple what it imported. Chinese products are part of everyday life in America. Of those imports, $127 billion were smartphones and computers. Any new tariffs would hit US consumers directly."
A clear plastic bag containing an American flag labeled 'Made in China' symbolizes widespread concern over economic dependence on Chinese products. Supporters of President Trump have urged boycotts of Chinese goods amid fears about US manufacturing and jobs. Major bilateral trade remains significant, with mutual dependence described as 'quite high' by CSIS, yet the US runs a large trade deficit with China. In 2024 China exported $526 billion in goods to the US, including $127 billion in smartphones and computers. New tariffs would directly affect US consumers. Beijing has responded to tariffs with countermeasures, including countertariffs and export restrictions.
Read at www.dw.com
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