Photo by Saunak Shah on Pexels.com

Due to the ongoing trade war, China is no longer the largest trading partner with the US, having been replaced with the US’ neighbors to the north and south – Canada and Mexico. For the first half of 2019, imports from China to the US dropped by 12 percent and US exports to China fell by 19 percent. The current duties on Chinese goods (301 duties) covers 3 lists of goods and covers over $250 billion worth of imports. Trump has proposed an additional List 4 duties covering all remaining imports from China, a duty that will cover over $300 billion in goods from China.

This is the first time since 2005 that China has trailed behind Mexico as a US trading partner and the first time since 2015 to 2018 that China has not been the top US trading partner.