Exports to China Growing Quickly, Business Group Says
U.S. exports to China grew in 2017, the U.S.-China Business Council announced in a report released just before an American delegation travels to China to confront that country's intellectual property rights and other trade violations. The report says that the…
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U.S. exported more than $127 billion in goods to China, its third largest market. Exports to China increased by 86 percent from 2006 to 2017, while exports to all other countries only increased 21 percent. "Despite trade barriers that frustrate full market access, US exports to China continue to contribute to US economic growth," USCBC President John Frisbie said. Although the business council has been concerned for years with Chinese government actions favoring domestic producers (see 1610050048), it has reacted with alarm to the tariff solution the administration is proposing (see 1804060033).