America Can’t Seem to Shake Reliance on China as Factory Floor
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I’m Katia Dmitrieva, Asia economics correspondent in Hong Kong. Today we’re looking at China’s hold over global supply chains. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
There’s a common notion that since Trump’s initial round of China tariffs in his first administration, the US has become drastically less reliant on the Asian nation. Headline data certainly suggests that, with the US share of imports from China falling in just a few years to about 13% in 2024 from nearly 22% in 2017.