US beef exports to China and Hong Kong surpassed US$2 billion for the first time last year, with shipments reaching a record US$2.23 billion in the first 10 months of 2022, according to the US Department of Agriculture.
HOUSTON, Dec 20 The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That.
There is a saying that nations are always better off when they choose to practice free trade, or buy and sell from one another freely. When a country opens up to unrestricted normal trade, capital and labor will shift, more efficiently and wisely too, toward those industries in which they are used.
Industrial powerhouses such as Germany or the Netherlands could be less inclined to ‘blindly follow the United States’ in cutting off China from technology supply chains.