With the trade conflict between the U.S. and China dominating recent financial news headlines, many are wondering what exactly it is that the U.S. imports from – and exports to - its biggest trading partner. The U.S. imports many thousands of products from China in practically every conceivable category, ranging from TVs and cell phones to clothing and handbags to industrial chemicals and rare metals. This chart, from MarketWatch.com, shows the top 11 categories of goods, each representing more than $20 billion apiece. By contrast, only one category of US exports to China exceeds $20 billion, and that is mostly from a single company – Boeing. Note also that the 8th largest category of US exports to China is “Waste & Scrap” – the lowest of the low tech – and one at which even China has begun turning up its nose.
What is at stake-U.S.A. and China Trade Standoff
| May 13, 2019