Chinese imports to the U.S. have fallen faster than total imports in recent months as political upheavals around the world force businesses to rethink traditional supply chains
Former U.S. Ambassador to NATO Kurt Volker reacts to Biden saying there is no 'imminent' threat of China invading Taiwan, telling 'Varney & Co.' Xi Jinping is not going to be swayed by the president's words.
Chinese imports to the United States in recent months have been dropping faster than total imports, highlighting a major trend in the global reconfiguration ofChinese imports to the United States dropped more than 5% between September and October,. By contrast, total imports to the United States were essentially flat during that same timeframe, at around 0.2%.
FILE: Employees check a batch of eyewear products exported overseas at Anhui Maisi Optical Technology Development Co LTD in Anqing city, Anhui province, China, Nov 16, 2022. In August, Chinese products accounted for around 40% of all U.S. imports. But in October, Chinese share of U.S. imports was down to slightly more than a third.
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