The United States and China are entangled in a hot trade dispute, in which the US is imposing sufficient tariffs on Chinese goods. The current administration has imposed 104 percent tariff on sugar imports, while China retaliated with 84 percent tariffs, above 34 percent of tariffs on US products. According to the International Monetary Fund, this tight-for-tat escalation has significant implications for the global economy, given that the two nations have 43 percent of the world’s economic production in 2025.
American exports to China
In 2023, American exports to China have soybean, crude petroleum, petroleum gas, car, integrated circuit, special machinery, gas turbines, vaccines, blood products, antisera, toxins and cultures, packed medicine, packed medicine, asclicic hydrocarbons, beauty and skinkeare, cooper, ethylene, ethylene, ethylene, ethylene, ethylene, ethylene, ethyline Ethylene, ethylene, ethylene, ethylene, ethylene. China is also an important market for American companies, with Intel sales for China for 29% of the company’s global revenue in 2024.
China’s export to America
In 2023, China’s exports to the US included a wide range of consumer and industrial goods, including broadcasting equipment, computer, office machine parts, electric battery, heater, toys, videos and card games, seats, furniture, party decorations, weave sweaters, plastic products, motor vehicle and accessories, clothes, clothes, clothes, clothes, clothes, lights, lights, Iron Mounts, Iron Mounts.
Impact on trade
The trade war has led to a decline in US exports to China, with a decrease of 2.9% in 2024 compared to the previous year. In contrast, Chinese imports in the US increased by 2.8%, increasing the trade deficit. The US freight trade deficit with China was $ 295.4 billion in 2024, an increase of 5.8% from 2023. China remains the third largest trade partner in the US, accounting for 13.4% of all American imports.
Field-specific effect
The high -tech area is particularly unsafe for growing tariffs. China imports about $ 10 billion from the US annually, which includes an $ 8 billion processing units (CPUs) manufactured by Intel. Agricultural and Agricultural Equipment sectors in the US are also feeling heat from China’s anti -counter tariffs. Beijing has a 34% duty pair on these products, affecting major American firms such as caterpillars, deere & company and AGCO.
Global economy
The ongoing trade war between the US and China is important implications for the global economy. The two nations simultaneously represent 43% of the world’s economic production, and the business dispute is likely to obstruct bilateral trade and endanger global investment and economic development. China’s large -scale goods surplus, approximately $ 1 trillion, also pose risk to the global economy, as the country can launch additional products in international markets, flood global markets with potentially low -cost goods and can put local manufacturers under pressure.
