After 17 years as the top source of imported goods in the United States, China will likely move into second place for 2023, ceding the first position to Mexico, according to data released by the U.S. Commerce Department this week.
The shift is the result of a yearslong trend that has seen a gradual decline in China’s share of the U.S. import market, driven primarily by continued U.S. tariffs on a broad array of C
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