Phone talks bode well for China-US trade ties

US goods exported to China jumped from $105 billion in 2019 to $123 billion last year, a surge of nearly 18 percent, the second-highest total in a decade, according to the 2021 State Export Report released by the US-China Business Council, a trade association representing more than 200 US companies doing business in China. In comparison, US trade with the rest of the world contracted by 15 percent, according to the USCBC.