China’s Share of U.S. Trade Deficit Shrinks from 47% to 26% Amid Trade War

5 comments

1. dedollarization in action. It’s like musical chairs.

2. Does this mean that the United States is importing less from China?

3. Still more work to get to parity

4. De-dollarization and inflation are set to persist, with the U.S. already facing a significant trade deficit. The U.S. and G7 nations together represent only 22% of the global population, while the Global South, or Global Majority, comprises 88%. Many of these countries are experiencing rapid development, driven in part by initiatives like China’s Belt and Road Initiative (BRI). The west is dead.

5. This will be interesting to see in a few years, especially with claims of China’s economy slowing.