US Has Sent a Net $309 Billion to Communist China This Year
Two weeks after he was inaugurated, President Joe Biden traveled over to the State Department to deliver a speech about his foreign policy. One point he repeatedly stressed in that speech: He was not going to let the People's Republic of China take advantage of the United States.
So, how has Biden done in his strategic aims to "push back on China's attack on human rights" and keep "American working families in mind" in every action America takes abroad?
In 2021, according to the Census Bureau, the United States exported only $151.442 billion in products to the People's Republic while it was importing $504.935 billion. As a result, the United States ran a one-year bilateral trade deficit with the People's Republic of $353.493 billion. So far in 2022, the Census Bureau has published the international trade numbers for the nine months from January through September. But things have not gotten better in U.S.-China trade relations. They have gotten worse. In the first nine months of 2021 (when the U.S. was on its way to that twelve-month deficit of $353.493 billion), the U.S. ran a trade deficit of $253.507 billion with China. In the first nine months of this year, the U.S. has run a $309.230 billion trade deficit with China. That is up $55.723 billion — or about 22% — from the first nine months of last year.
More From Right & Free:
