Deceptive Trade With China In Maryland
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An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began imposing tariffs and other trade barriers on China with the aim of forcing it to make changes to what the U.S. has said are longstanding unfair trade practices and intellectual property ...
China lowered tariffs on US goods to 10% and resumed rare earth exports; the US lowered its tariff on Chinese goods to 30% (10% baseline + 20% fentanyl) and cut de minimis tariffs to 54%. Trump stated the 10% tariff would remain for all countries even after negotiations.
Today, the US imports almost three times as much from China as they do from us. In 2024, China imported $143.5 billion worth of goods from the US, but the US imported $438.9 billion worth. When you take US exports to China and subtract US imports from China, you get the trade balance — or deficit, in this case.
China Trade Summary U.S. total goods trade with China were an estimated $582.4 billion in 2024. U.S. goods exports to China in 2024 were $143.5 billion, down 2.9 percent ($4.2 billion) from 2023. U.S. goods imports from China in 2024 totaled $438.9 billion, up 2.8 percent ($12.1 billion) from 2023.
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Deceptive trade practices in Maryland are dealt under Maryland Commercial Law Code, Title 13 (Consumer Protection Act), Subtitle 3 (Unfair or Deceptive Trade Practices) Section 13-301 et seq. Any advertisement of consumer goods or services without intent to sell, lease or rent are prohibited under Section 13-301.
