From www.icaew.com: Trade between the US and China in 2024 revealed significant exports from China to the US amounting to $439 billion in goods and $23 billion in services, while the US exported $144 billion in goods and $55 billion in services.

China’s trade surplus with the US reached $263 billion, with an emphasis on goods, particularly machinery and electronics.

The imposition of a 145% tariff on Chinese imports is expected to impact US businesses reliant on Chinese goods, possibly affecting their competitiveness.