Question
Here is the question : WHAT IS AMERICA’S BIGGEST TRADING PARTNER?
Option
Here is the option for the question :
- United Kingdom
- China
- Canada
- Germany
The Answer:
And, the answer for the the question is :
Explanation:
The United States of America has a significant economic relationship with China. In 2017, the United States did a combined total of $636 billion worth of business in the form of imports and exports across all of its individual months. In total, 2017 saw $2.3 trillion worth of American exports and $2.9 trillion worth of imports, with a substantial chunk of that business being done with China. However, if the European Union were a single nation, monthly business with it would amount to a total of $1.1 trillion in 2016, according to statistics from that year.
China is America’s biggest trading partner, accounting for a significant portion of the country’s imports and exports. The economic relationship between the two countries has grown rapidly in recent decades, and has helped to drive the global economy and shape the political landscape of the world.
The trade relationship between China and the United States is complex, with each country having its own strengths and weaknesses in the global marketplace. China is known for its manufacturing prowess, low labor costs, and large consumer base, while the United States is known for its technological innovation, financial expertise, and strong consumer demand.
there have also been challenges and controversies. Some critics have raised concerns about the impact of Chinese imports on American jobs and industries, while others have raised concerns about Chinese human rights violations and the country’s geopolitical ambitions.
the economic relationship between China and the United States remains a vital component of the global economy. It is a testament to the ongoing importance of international trade and collaboration, and serves as a reminder of the power of economic engagement to promote peace, prosperity, and progress.
Whether you’re a business owner, a consumer, or simply interested in the global economy, the fact that China is America’s biggest trading partner is a unique and fascinating aspect of the ongoing economic relationship between these two global powers. With their shared commitment to progress and innovation, the United States and China will continue to shape the global economic landscape for years to come.