According to an April report by the U.S.-China Business Council (USCBC), China was the United States' third-largest goods export market in 2023 and the sixth-largest services export market in 2022. In 2022, exports to China supported over 930,000 jobs in the United States.

　　China has been a land of opportunity for U.S. firms. More than 70,000 American companies have established businesses in the country. Notably, American companies comprised the largest foreign exhibitors contingent at the inaugural and second China International Supply Chain Expo. Among Apple's 200 key suppliers, 80 percent of them produce their products in China.

　　On the other hand, Chinese firms' investment in the United States has boosted local employment. Chinese member companies of the China General Chamber of Commerce-USA have invested over 144 billion U.S. dollars in the United States, directly creating more than 230,000 jobs.

　　Despite challenges and strains in their bilateral relationship, trade value between the two countries reached 4.44 trillion yuan (about 617.73 billion U.S. dollars) in the first 11 months of 2024, up 4.2 percent year on year.

　　“It is important for us to remind U.S. lawmakers and those in influential positions that every state and congressional district in the United States maintains its own economic and trade relationship with China, and changes in U.S.-China trade policy should be considered very carefully,“ former USCBC President Craig Allen said.

　　CONFRONTATION MAKES NO WINNER

　　Given the strong interconnectedness between the two economies, raising tariffs on Chinese products and other trade and investment restrictive measures against China will surely backfire, fueling inflation and hindering innovation, among others, history and research have shown.