Decoupling starts to bite
Decoupling starts to bite
US imports from China fell 25% y-o-y to $169 billion within the 5 month interval, says the US Division of Commerce.
That represented 13.4% of US complete imports, down 3.3% y-o-y, and was a 19 12 months low. 
In the identical interval, US imports from Mexico had been $195 billion and imports from Canada had been $176 million.
US imports from the Affiliation of Southeast Asian Nations reached $124 billion within the interval.
US imports from China peaked at 20% between 2015 and 2018 and began to fall below President Trump, who imposed heavy duties on them, and continued below President Biden, who maintained the duties and added additional restrictions on a variety of products.
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