US-China Trade Hits Record High Despite Rising Tensions - BBC News

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US-China trade
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By Monica Miller
BBC News
Trade between the US and China hit a record high ADVERTISEMENT
last year even as their diplomatic relations
deteriorated.

Imports and exports between the two countries


totalled $690.6bn (£572.6bn) in 2022, official
figures show.
L
Relations between the countries have hit new lows
in recent days aer a Chinese balloon travelled L
across the US. Beijing denies US claims it was used
for spying. L

The world's two biggest economies have also been


in a trade war since 2018.

The new figures show that US imports from China


increased to $536.8bn last year as American
shoppers spent more on Chinese-made goods,
including toys and mobile phones. In the same
period, US exports to China increased to $153.8bn.

While some of the increase in trade between the


two countries is a result of the rising cost of living,
the figures also point to how reliant the US and
China still are on each other even aer years of
trade conflict between them.

"I think it's an important indication of the


difficulties of actually decoupling," Deborah Elms,
the founder of Asian Trade Centre, told the BBC.

"Even if governments, firms and consumers wanted


to separate, the economics make it difficult to
deliver products in a decoupled world at a price
that firms and consumers are willing to pay," she
added.

High-altitude spying marks new low for US-


China ties

Biden moves to halt US exports to Huawei -


reports

In 2018, the Trump administration started to ramp


up trade measures against Beijing. Features
Aer decades of rising Chinese imports, Mr Trump
began imposing tariffs on a total of more than
$300bn worth of Chinese goods. China hit back by
placing import levies on about $100bn of American
goods.

Most of those measures remain in place more than


two years aer Joe Biden became president.
L
This month, US Secretary of State Antony Blinken The scammers who will steal
L your life savings
had been due to visit China in what was seen as a
thawing of relations between the two country's.

America's top diplomat was set to visit Beijing from L


5 to 6 February to hold talks on a wide range of
issues, including security, Taiwan and Covid-19.

However, the trip was abruptly postponed aer the


discovery of a suspected Chinese surveillance
balloon that dried across America.

Chinese officials have repeatedly said that the


"airship is for civilian use and entered the US due to Biden's blink-and-you'll-miss-
force majeure - it was completely an accident". it visit to NI

In his State of the Union address on Tuesday, US


Person wearing a rainbow face mask
President Joe Biden made no direct mention of the
Chinese balloon but said that his administration
will always protect its sovereignty.

"I am committed to work with China where it can


advance American interests and benefit the world.
But make no mistake: as we made clear last week, if
China's threatens our sovereignty, we will act to
protect our country. And we did," he said. East Africa's battle over
culture and homosexuality

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