The United States and China, as the top global economic powers, collectively contribute over 40% to the production of the world’s goods and services.
So.
2+2 Meeting: The US may push India during their 2+2 dialogue this week to be more active in deterring China in the region and share some of its burden in the Indo-Pacific. This comes at a time when the world s largest economy is looking to grow stronger ties across Asia to deter what it sees as an increasingly assertive China.
While US goods imports from China declined by 10% from 2018 through 2022 in inflation-adjusted terms, they rose by 44% from India, 18% from Mexico and 65% from the 10 countries of the Association of Southeast Asian Nations (ASEAN), a recent study by Boston Consulting Group has pointed out.