U.S. imports from China decreased by 24% between January and May 2023. According to the Washington Post, this happened even despite dialogs between representatives of both countries.
However, a senior source in the U.S. Treasury Department said that the total amount of imports from China still remains significant and close to a historic high, especially given inflation.
The authors of the article write that the main trading partner of the United States this year was Mexico, with Vietnam and Thailand also taking significant positions. According to experts, manufacturers are increasingly favoring regional supply chains over global ones.
A number of companies, among them HP and Lego, are seeking to reduce their dependence on Chinese suppliers, as well as to change their supply strategy for American consumers. According to them, this is necessary to avoid the risk of finding themselves in a position "between rival superpowers".