The irony of Biden’s super stimulus: USD360bn for exporters around the world
The USD1.9tn stimulus in the US will lead to an additional rise in imports of goods and services of USD360bn over 2021-2022.
By sector, additional gains in exports in 2021-2022 will be the largest in household equipment (+USD32bn), computers & telecom (+USD30bn), automotive manufacturers (+USD30bn) and machinery & equipment (+USD29bn).
The boost to China’s exports to the US (+USD60bn in total over 2021-2022) is likely to focus on computers & telecom, household equipment and textiles.
How can exporters make use of this chance? Download your copy of our latest report and know more.