Sino-US trade turnover during the 10 months of 2024 increased by 2.8% compared with the same period in 2023, to $564.17 billion. This is reported by TASS in reference to the General Administration of Customs of the People’s Republic of China.
China exported $427.8 billion in goods to the United States, a year-on-year increase of 3.3%, according to official data. And it imported goods from the United States worth $136.4 billion, 1.2% more than in January-October 2023. Therefore, there is still a serious imbalance in trade between the two countries.
Let us remember that the winner of the United States presidential elections. donald trump In his electoral program he proposed introducing 60% tariffs on imports from China.
China imports soybeans, cotton and corn, microchips, all-terrain vehicles, liquefied petroleum gas and petroleum, coking coal, copper and copper ore from the United States. The United States buys smartphones, computers, lithium-ion batteries, plastic products, security cameras, home appliances, shoes, children’s toys and much more from China.
