US’ trade with China surges 28.7% in 2021

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US’ trade with China surges 28.7% in 2021, but widening deficit proves tariffs ‘a failure’

Trade between China and the US soared by 28.7 percent and amounted to $755.6 billion in 2021 - maintaining a strong growth momentum and contributing 12 percent to China's record $6 trillion foreign trade for the year despite tariffs and bruising political tensions between the world's two largest economies.  

The number, which comes just one day ahead of the second anniversary of the signing of the phase-one trade deal between China and the US, shows a strong complementarity between the world's two largest economies, while it is also a demonstration of China's goal to fulfill its commitments under the deal over the past two years, observers said.

According to Chinese Customs data released on Friday, China's exports to the US increased by 27.5 percent in 2021, while imports grew by 32.7 percent, reaching $179.53 billion.

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