In 2021, bilateral trade topped record-breaking 750 billion US dollars. The US Export Report 2022 issued by the US-China Business Council showed that, in 2021, goods exports to China grew by 21 percent to 149 billion US dollars, supporting 858,000 jobs in the US. Research of the US-China Business Council showed that Chinese exports have helped bring down US consumer prices by 1 to 1.5 percent, saving each US household 850 US dollars per year.