To: kabar
The economic dependency increasingly runs both ways. China's now the second-biggest buyer of US government debt, so in a sense, they're financing our war on terror even as they help our enemies. And much of our retail economy depends on access to cheap Chinese imports.
To: Filibuster_60
The US is China's biggest export destination accounting for over 20% of the value of its total exports. Hong Kong and Japan are next. The U.S.'s biggest export destination is Canada(22.9%). China is way down the list in terms of being an export destination or buyer of US goods and services.
In terms of imports, China is the 4th largest source (8.2%) behind Canada (19%), Japan (12%), and Mexico (11.2%). If push came to shove in terms of cheap imports, I believe Indonesia, Malaysia, South Korea, South America, etc. could furnish us with the same goods just as cheaply should we get into a trade war with China. We would have to shift our investments to those countries. China remains much more dependent on US trade than vice-versa.
57 posted on
12/04/2003 8:49:02 AM PST by
kabar
To: Filibuster_60
correct. china has us over a barrel. we won't do anything to them on trade, even if they impose tariffs on what little we export to them, we will not retaliate since most of our retail sector is viable only because of chinese made junk. china will continue to back NK as a nuclear power to check US power in Asia.
china has us over a barrel. the only advice I can give: stop buying chinese made products, even though its very difficult, don't give them a dime where possible.
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