China's position in global trade now exceeds that of the US at its peak in international trade after World War II. By 2018, that number had plummeted to just 30 percent.Ĭhina is the top trading partner of 124 countries and regions. Trade is changing the world, the status of China and the US as well as the way each country views the other.Īccording to Lowy Institute data, before 2000, the US was at the helm of global trade, as over 80 percent of countries and regions traded with the US more than they did with China. In simpler and clearer terms, the problem reflected in US-China trade is that the US wants the world to buy more American-made goods and no longer made-in-China. These blocks have significantly impacted global exports to the US that use intermediate goods manufactured in China.Īs of March this year, US Customs and Border Protection data shows that 3,237 shipments, valued at $961 million, have been detained under the Uyghur Forced Labor Prevention Act since it took effect in June 2022.

All exports to the US that include goods made in Xinjiang must declare themselves as 'self-proving innocence.' The US has presumed that all products produced in Xinjiang are tainted with 'forced labor' and has banned imports of Xinjiang-related products on the pretext of so-called human rights issues. The US is not simply blocking Chinese products being exported to the US any more but has expanded this blockade globally, aiming at the most competitive Chinese products.įor example, the US has asked allies to join forces to block the global market adoption of Huawei's 5G technology and equipment, citing so-called security concerns.

These concerns reflect an essential change in US' strategy toward China: using financial and economic power, as well as a circle of allies to contain China's global foreign trade. The main concerns from the Chinese side are: the US' semiconductor policy, export controls, foreign investment review, Taiwan-related topics in the economic and trade domains, the Indo-Pacific economic framework and tariffs. US' economic and trade policy toward China became the primary concern in both meetings. The following day, Wang met with US Trade Representative Katherine Tai in Detroit. Illustration: Chen Xia/Global TimesChinese Commerce Minister Wang Wentao met with US Commerce Secretary Gina Raimondo on Thursday in Washington, DC. 20:40:51 253 US’ attempt to block China’s foreign trade is doomed to fail By Global Times Published: 09:28 PM

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