China no longer No. 1 source of U.S. imports, 1st time since 2008
Newsfrom JapanWorld Economy
China was the second-biggest source of imported goods in the United States last year on a customs-cleared basis, losing the top spot it had held since 2008 to Mexico, official trade data showed Wednesday.
The change in ranking provided further evidence of the United States’ reduced economic reliance on China, although the administration of President Joe Biden has reiterated it has no intention of decoupling from the Asian power.
In 2023, goods exported from China to the United States dropped 20.3 percent from a year earlier to $427.23 billion, accounting for 13.9 percent of total imports, acco...