(Washington Comprehensive News) U.S. media said that the proportion of Chinese commodities in the United States has dropped to the lowest level in 20 years, showing that under the geopolitical confrontation between China and the United States, the trade relations between the two countries have continued to shrink.
According to the Wall Street Journal, American buyers have shifted from China to a series of products such as computer chips, smartphones to clothing from Mexico, Europe and other parts of Asia.The report quoted the trade data released by the US Census Bureau, saying that in the first six months of this year, Chinese goods accounted for 13.3%of the imports of the United States, the lowest level since 2003.
According to data from the U.S. Trade Representative Office, China was still the largest source of imported from the United States last year, accounting for 16.5%of the total imported goods in the United States.Last year, the overall trade volume of China and the United States reached US $ 690.6 billion (S $ 937.79 million), a record high.
But the decline is serious this year.According to data released by China Customs, in the first half of this year, China's imports and exports to the United States were US $ 308.86 billion, a year -on -year decrease of 8.4 %.
The Wall Street Journal said that one of the factors that the United States increased from India and Southeast Asian countries was because companies actively transferred production lines from China to these countries.
