The Park Place Economist


The U.S.-China economic ties have expanded over the past three decades with a substantial growth in both imports and exports. The total trade amount rose from only 2 billion in 1979 to over 457 billion in 2011. Although total trade increased over time, U.S. imports from China rose at a much higher rate than U.S. exports, and thus have caused a trade deficit since 1974, making China the U.S.’s biggest source of imports and second largest U.S. trading partner.