China has become the main trade and economic partner of the United States, overtaking Canada for the first time
The US's main trading partner is now China.
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This was reported by Quartz with reference to data from the US Statistics Service.
It is noted that China has overtaken Canada in these indicators for the first time. This became possible due to the fall in oil prices.
In the first ten months of 2015, total trade between the United States and China reached $441,6 billion.
It is worth noting that China's rise to first place was due to a drop in trade volumes between Canada and the United States ($438,1 billion).
List of US largest trading partners: census.gov
At the same time, even an increase in the amount of oil purchased by Washington from Canada could not save Canada, since the price of oil dropped significantly over the year.
Thus, despite periodic verbal skirmishes at the political level, the political neutrality of the United States and China towards each other has a fairly powerful economic basis. The collapse of the economy of one country automatically threatens to collapse the other, making Beijing and Washington interested in maintaining the status quo and stability of each other.
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