Exports to China profit almost all US industries

The US-China Business Council (USCBC) stated on Tuesday, May 25, throughout a meeting held in Shanghai, that the United States' exports to China have profited almost all US states and industries. Statistics issued by the council revealed that US exports to China increased by about 18 percent year-on-year to over USD123 billion in 2020, while its exports to the rest of the world dropped by 15 percent throughout the same period.