US-China trade hits record high despite rising tensions


Washington: Trade between the US and China hit a record high last year even as their diplomatic relations reach new lows.

Imports and exports between the two countries totalled $690.6bn (£572.6bn) in 2022, official figures show.

Tensions rose between Washington and Beijing in recent days after a Chinese balloon travelled across the US.

The world’s two biggest economies have been locked in a bitter trade war since 2018 when then-President Donald Trump started imposing tariffs on China.

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.

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