In the international trade platform, China is going to lose its longevity position as the US’s top exporter. This is because of the tensions between the two big economies and a vital reconstitution of global supply chains. According to the latest reports, the US Commerce Department exposes a significant downturn of around 20% in US product imports from China from January to December. For the place of China, Mexico will be positioned for the US for the whole year. As per reports, US imports from Mexico were a record in 2023 making around 15% of the total for the first 11 months.
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