Why does the US trade so much with China?

Why does the US trade so much with China?

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the western world should just stop importing from china and start producing in the west

there'll be an economic shock at first, prices would rise, but ultimately so would wages, and it would also completely starve China's economy

China's export per year is $2.8T+.

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i dont bloody think thats carbon neutral

Good luck convincing Mr Goldbergstein to raise labor costs by 500%.

Only possible with heavy automation which doesn't fix labor problems

because china is a good trade partner for (((america)))

because american CEOs exported all of their production overseas to cheap chinese sweatshop labor

Minimum wage in the US is $7.50 per hour. Average factory wage in China is $5.20. There isn't really that much of a difference anymore. Similar reason why Mexicans have stopped migrating here too.

>average factory worker in Mexico makes $5 per hour
>if they migrated to the US they'd make $7.50 per hour
>But costs of living are only 1/3rd in Mexico what they are in the US
>They effectively make $15 per hour adjusted for costs in Mexico; meaning double what they would have in the US

We'd likely see a 20% cost increase at most, but that would partly be offset by shipping cost and import tariff reductions. I'd rather pay more and have our industries back here desu.

3.360T in 2021