China and USA relations in detail
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The U.S. trade with China is part of a complex economic relationship. In 1979 the U.S. and China reestablished diplomatic relations and signed a bilateral trade agreement. This gave a start to a rapid growth of trade between the two nations: from $4 billion (exports and imports) that year to over $600 billion in 2017.
The relationship is of economic cooperation, hegemonic rivalry in the Pacific, and mutual suspicion over each other's intentions. ... As of 2019, the United States has the world's largest economy and China has the second largest although China has a larger GDP when measured by PPP.
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