(Reuters) - U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks.
China relies on the U.S. for agricultural products like soybeans and semiconductors, while electronic equipment and machinery are the top imports from the Asian powerhouse.
The following is a list of top exports and imports between the two countries by sector:
SECTOR PERCENTAGE OF PERCENTAGE OF
TOTAL IMPORTS TOTAL US EXPORTS
FROM CHINA TO CHINA
Machinery & Mechanical 46.40% 20.10%
Appliances
Miscellaneous Manufactured 12.90% 0.20%
Items (such as Furniture,
Bedding, Lamps, Toys,
Games, Sport Equipment)
Chemicals, Plastics, 12.00% 19.50%
Rubber, Leather Goods
Textiles, Footwear, 10.00% 2.40%
Headgear
Base Metals, Iron, Steel, 5.80% 3.00%
Tools
Transportation Equipment 3.70% 8.40%
Optical, Measuring, 2.70% 7.10%
Medical, Other Instruments
Stone, Glass, Metals, 1.70% 2.30%
Pearls
Wood, Cork, Paper, Printed 1.60% 2.90%
Books
Agriculture Products 1.20% 23.10%
Special Classification 1.00% 1.10%
Items
Oils, Minerals, Lime, 0.10% 9.70%
Cement
Source: U.S. Census Bureau USA Trade Portal April 24, 2023
(Reporting by Sneha S K in Bengaluru; Editing by Sriraj Kalluvila)
