Title: Why Trade with China is Good for America | Mercatus Center
Headings: Why Trade with China is Good for America
The Bridge
Why Trade with China is Good for America
Two more key ways we benefit from trade with China
Read more
Support Mercatus

Content: Why Trade with China is Good for America | Mercatus Center
The Bridge
Smart policy for a growing world
Facebook
Twitter
Email preferences
RSS
The Bridge
Expert Commentary
Mar 23, 2018
Share
Tweet
Print
Why Trade with China is Good for America
Daniel Griswold Senior Affiliated Scholar @DanielGriswold
With his decision to impose $60 billion in tariffs on Chinese products this week, the president appears to be underestimating the mutually beneficial relationship we share with China. Why it matters: The United States imports roughly half a trillion dollars in goods from China, including clothing, shoes, electronics, furniture, and household appliances. Those imports help improve the lives of many Americans, particularly those in low-income households who benefit from lower prices on everyday goods. Two more key ways we benefit from trade with China
China’s growing middle class represents a vibrant market for America’s exports, and US-owned affiliate companies in China sell hundreds of billions of dollars’ worth of goods and services each year. China’s ownership of $1 trillion in US Treasury bills keeps interest rates low, which translates to meaningful reductions in mortgage payments for US homeowners and tens of billions of dollars in savings for the federal government. Read more
Trade
Support Mercatus
Your support allows us to continue bridging the gap between academic ideas and real-world policy solutions. Donate
Follow Us
Twitter
Facebook
YouTube