this post was submitted on 11 Jul 2023
10 points (62.5% liked)
World News
32311 readers
910 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I want to point out that the fraction of imports/exports between the USA and China is roughly symmetric (by monetary value). In 2022, about 16% of China's exports were to the USA; in 2021, about 17% of the USA's imports were from China.
That being said, you're probably making a valid point about which items are flowing, not just the raw value of goods.
Also, I would think it's generally easier for a producer to find new buyers of what it's already producing, than for a buyer to find a new producer for what it needs.
Edit to add: If we look at the ratio "Exports/Imports", we have about 0.3 for the USA with China, and we have about 3.3 for China with the USA.
yup