The U.S. trade with China is part of a complex economic relationship. In 1979 the U.S. and China reestablished diplomatic relations and signed a bilateral trade agreement. … It is now one of the U.S.’s major suppliers of advanced technology products and global supply chains involving China and the U.S. are complex.
Moreover, how Much Does China owe to US?
China has steadily accumulated U.S. Treasury securities over the last few decades. As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan.
Keeping this in consideration, why is trade with China beneficial to the United States?
While expanding foreign trade can disrupt US employment, trade with China also creates and supports a significant number of American jobs. Exports to China support nearly 1 million US jobs, and Chinese companies invested in the United States employ over 120,000 workers. It helps US companies compete globally.