Tags: us | china | trade | sector

US-China Trade by Sector

US-China Trade by Sector
Visitors check out the Chinese automaker BYD Seagull electric car at the 45th Bangkok International Motor Show 2024 on March 30, 2024. (Anusak Laowilas/AP)

Tuesday, 14 May 2024 07:42 AM EDT

U.S. President Joe Biden Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks.

China relies on the U.S. for agricultural products like soybeans and semiconductors, while electronic equipment and machinery are the top imports from the Asian powerhouse.

The following is a list of top exports and imports between the two countries by sector:

PERCENTAGE OF

TOTAL IMPORTS

SECTOR

FROM CHINA

Machinery & Mechanical Appliances

46.40%

Miscellaneous Manufactured Items (Furniture, Bedding, Lamps, Toys, Etc.)

12.90%

Chemicals, Plastics, Rubber, Leather Goods

12.00%

Textiles, Footwear, Headgear

10.00%

Base Metals, Iron, Steel, Tools

5.80%

Transportation Equipment

3.70%

Optical, Measuring, Medical, Other Instruments

2.70%

Stone, Glass, Metals, Pearls

1.70%

Wood, Cork, Paper, Printed Books

1.60%

Agriculture Products

1.20%

Special Classification Items

1.00%

Oils, Minerals, Lime, Cement

0.10%

Source: U.S. Census Bureau USA Trade Portal April 24, 2023

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. President Joe Biden Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies...
us, china, trade, sector
165
2024-42-14
Tuesday, 14 May 2024 07:42 AM
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