The US and China are economically interdependent; preserving the squo key to ensure US doesn’t lose billions
Gatten 22 - Kenneth Gatten lll, 22, 08-04-2022, Kenneth Gatten III, MPP '23, is pursuing his public policy degree to help human and economic development efforts in formulating sound evidence-based policies, "U.S.-China Relations: Short and Long-Term Implications for the Global Economy," https://publicpolicy.psu.edu/faculty-and-research/policy-perspectives/u-s-china-relations-short-and-long-term-implications-for-the-global-economy/, accessed 7-1-2024//NKB
The U.S. and China are economically interdependent. The U.S. is China’s largest export market, and China is the U.S.’s largest import market. China relies on the U.S. for roughly $580 billion of exports per year, total foreign direct investments of $124 billion, joint ventures in high-growth industries, and more. The U.S. relies on China for economic growth in investments, people flow, idea flows, and trade in key industries. Estimates suggest that decoupling would cost the American aviation industry up to $875 billion by 2038; the semiconductor industry up to $159 billion and 100,000 jobs; the medical services industry more than $479 billion over the next decade; and more.