The US has seen a shift in its trade patterns, with more trade occurring with Mexico, Canada, Japan, Germany, South Korea, Vietnam, and India, while its trade with China has declined. China's exports to Southeast Asia have surpassed those to the US, indicating a significant change in global trade dynamics. This shift is attributed to factors such as the decline in Chinese-produced goods in US imports and the indirect nature of global trade due to policies like decoupling. Additionally, the US-India trade has crossed $200 billion, reflecting evolving trade relationships.
Wrote a short piece about an under-appreciated fact about how the U.S. fixed its supply chain crisis — we started importing less stuff. It's an illustration of why it's hard to separate supply and demand factors when debating what happened w/ inflation. https://t.co/tKYAkPdvV4 https://t.co/XGeu6ivvLk
After China and Russia reached the milestone of $200 billion in their trade, now US-India also crossed $200 billion in trade. #Velsig #geopolitics https://t.co/u40WB8jh8I
Cheap migrant labor is the cause of subsiding inflation numbers — while also depressing the wages of American workers. While inflation ti... Read more: https://t.co/P7yfIoR9yf ⬆️ ⬆️ ⬆️
China’s export to Mexico up more than 5% through November, a consequence of supply chain where China->X country-> US. Perhaps unintentional result of Biden’s decoupling policy where global trade now happens more indirectly and less transparently. cc @AdamPosen https://t.co/HjdYjprNDQ
YAHOO: Inflation ‘Cooling’ Thanks to Cheap Migrant Labor Depressing Your Wages. Read more: https://t.co/ynvVEH0kyw Cheap migrant labor is the cause of subsiding inflation numbers — while also depressing the wages...
Pictures say 1000s of words: China's now exporting more to SE Asia than USA (tho US exports still historically high); SE Asia (+ Mexico) exporting more to USA, some of which has new Chinese content embedded therein. De-globalization/coupling? https://t.co/Q5tNN3ymQe https://t.co/ZP1o0kXfh6
Bloomberg News has suddenly discovered that China exports more to developing Asia than to the US: For the first time, China exported more to Southeast Asia than the US last year, highlighting the realignment of global trade that’s happening as the economic relationship frays…
For the first time, China exported more to Southeast Asia than the US last year, highlighting the tectonic shifts in global trade https://t.co/8UxGSPjuV1
This graph explains a lot of what has been happening on the planet over the past 5 years. Look at how the share of Chinese-produced goods in US imports has been declining over the past 5 years https://t.co/pcv0PCqpp9
The US has found China trade alternatives The US did more trade with Mexico and Canada than China in September. Japan, Germany, South Korea, Vietnam and India all gained billions of dollars in trade as China slipped. https://t.co/ZdQHUu1dDl