US-China head-to-head: Explained in 11 maps and charts
Summary
President Donald Trump will visit Beijing on May 14-15 to meet President Xi Jinping, marking the first U.S. presidential visit to China in nearly 10 years. The meeting will focus on trade issues between the two countries, which are the world’s largest economic powers and major trading partners despite ongoing tensions and tariffs.Key Facts
- President Trump’s visit to China was delayed due to the US-Israel conflict with Iran.
- Twenty-five years ago, the US was the top exporter, but today China exports nearly twice as much as the US.
- In 2024, China exported $3.59 trillion in goods, mainly machinery, metals, and textiles.
- The US exported $1.9 trillion, focusing on machinery, fuels, and chemical products.
- The US runs a large trade deficit with China, while China has a trade surplus exceeding $1 trillion.
- Trade between the US and China is over $500 billion but has fallen due to tariffs imposed by both countries.
- The US tariff average on Chinese imports is about 31.6%, and China has tariffs ranging from 10% to 77% on US goods.
- The US government debt is about 115% of GDP; China’s is estimated at 94% but may be underestimated.
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