Looming U.S.-China trade war

The U.S. is imposing 25 percent tariffs on up to $60 billion worth of Chinese goods while China plans taxes on $3 billion of U.S. imports in response to steel and aluminium duties announced earlier

U.S. exports to China
Agriculture
19.6
Aerospace
16.3
Motor vehicles
10.1
Electronics
6.9

Major merchandise trade with China
($ billions, 2017)
Communications equipment 
Computer equipment
Apparel
24.6
Electronics
23.2

U.S. imports from China
78.0 
58.6

$130.4 billion
U.S. exports to China
$505.6 billion Total U.S. imports from China in 2017
-$375.2bn U.S. trade deficit with China


China’s trade targets Agriculture: China is America’s largest export market for soybeans, valued at $13.9 billion in 2017

Aerospace: Boeing delivered 202 planes to China in 2017 and signed orders worth $37 billion. Chinese orders support about 150,000 U.S. jobs

Motor vehicles: General Motors sold 3.9 million vehicles in China last year, compared to three million in U.S.

Electronics: Apple’s main iPhone production facility is at Foxconn City in Shenzhen, China

Economy: Threat of trade war could hit stock markets as investors seek out
safer assets


Sources: U.S. Census Bureau, USDA-FAS Picture: Associated Press © GRAPHIC NEWS