The China-U.S. trade relationship is one of the most important bilateral relationships in the global economy. According to the latest data, the bilateral trade volume between China and the U.S. is expected to reach 688.28 billion U.S. dollars in 2024, which is 275 times that of 1979 when diplomatic relations were established. However, in recent years, the U.S. has faced greater pressure in terms of trade dependency, supply chain costs, and technological blockades, while China has mitigated the impact through industrial upgrading and market diversification. The U.S. is facing challenges from inflation and the transformation of its manufacturing sector. This relationship is mainly reflected in the following aspects:

1. Trade Scale and Dependency

Trade Scale: The trade volume between China and the U.S. is enormous, with the bilateral goods trade volume reaching approximately 688.28 billion U.S. dollars in 2024. The U.S. imports about 500 billion U.S. dollars worth of goods from China annually, accounting for 1/6 of its retail market.

Trade Dependency: China's reliance on the U.S. market is relatively small, only accounting for 1/30 of the U.S. annual retail total, while the U.S.'s dependence on the Chinese market is much greater.