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US-China Trade Reaches a Record High Despite Bilateral Tensions

China Market Intelligence John Clark with assistance from Gavin Fu and Xiuyu Li

Key Takeaways

  • US-China bilateral trade in goods reached $690.6 billion in 2022.
  • Growth in US-China trade lagged behind that of US-worldwide trade, as the two economies diversified their trade.
  • Economic and political headwinds will put downward pressure on bilateral trade in 2023.

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