China-U.S. Trade Relations | Yukon Huang

Bilateral trade between China and the United States amounts to hundreds of billions of dollars annually. Chinese companies have been increasingly investing in the U.S., acquiring American businesses and establishing operations, which enhances economic ties. China is deeply integrated into the global supply chain, with many U.S. companies relying on Chinese components and materials for their products Yukon Huang is a Senior Fellow in the Asia Program at the Carnegie Endowment. He’s the former World Bank China country director. “They’re going to be producing advanced chips here in the U.S. based upon processes and techniques that exist in Taiwan. But the Taiwan cost structure, labor-wise, is about one-third as cheap. We don’t have the skills of the people in the engineering,” Huang said. ”Then you’re going to have to put up a barrier saying, American companies, you can’t buy these chips from Taiwan anymore. You have to buy it locally, and now you have to pay twice as high. This is where it all breaks down.” #features #fullframecgtn Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.