Over the last 30 years, trade between the United States and China has been mutually beneficial for ordinary citizens in both countries. It’s important to keep this big picture in mind as the two countries approach a trade negotiation deadline on August 12.
China was just emerging as a major trading partner in the global economy 30 years ago. The United States imported only $48.5 billion in Chinese goods in 1995. Today we import $439 billion from China. This growth has enriched both countries.
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