Posted on 07/28/2023 6:55:44 AM PDT by chuckee
Trade between the US and China hit a record high 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.
Relations between the countries have hit new lows in recent days after a Chinese balloon travelled across the US. Beijing denies US claims it was used for spying.
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 after 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.
After 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...
(Excerpt) Read more at bbc.com ...
What tensions ? The kickbacks ?
“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”
China is our daddy. Sad.
Presently, the belt and road program is in serious trouble simply because nations have ceased payments on the China loans. China banks are desperate for money and the loss of the loan payments on such a grand scale is extremely problematic.
The fiction of separation of the construction quality responsibility from the banks and loans has been terminated
China can’t do any thing about it.
Then there is the problem of Tofu Dreg. The quality of the road construction is bery low to extremely bad. The reason for not repaynin the loans is the construction is tofu, not concrete
What is called “trade” between the US and China is mainly sucking dollars out of the US, and China using those dollars (while they still have any value left) to build its war machine, and keep any number of US legislators, the executive branch and even some of the judiciary branch firmly under their thumb.
The territory formerly known as “the United States of America” is now essentially a vassal state of the CCP.
True
The US was in deep debt when treasury secretary Alexander Hamilton helped with the Louisiana Purchase, a good investment wouldn’t you say? China is doing the same. They’ll own something. It’s not like landing on Boardwalk with a hotel o it.
Check
Meanwhile, China is using our money to strengthen their military while the United States is letting fools in high places render our military impotent.
And the chinks love it as they are positioning tens of thousands of sleeper agents throughout America.
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