According to Katherine Tai, it “isn’t inherently bad. It can be a sign of both sides’ successful diversification.”
The volume of goods traded between the two largest economies in the world decreased by 17% in the previous year.
It occurs as the world economy’s divisions get wider.
Does the US-China trade war help Mexico?
Apple now produces the iPhone 14 in India instead of China.
Five things that the Biden-Xi meeting taught us
The US announced an investigation into what it claimed to be a possible national security risk from automobiles built in China, citing concerns that tech-connected autos could expose those discrepancies once more.
