On July 6, 2018, the U.S. slapped an extra 25% tariff on $34 billion dollars worth of Chinese goods, firing the first shot in the U.S.-China trade war. Nearly six years later, not only has U.S.-China trade undergone major changes, but the buzz about economic decoupling between China and the West is louder than ever. With the reshuffling of global supply chains, China’s status as the world’s factory is being shaken, and the global trade dynamics are shifting significantly.
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Global Boycott of Chinese Goods Leads to Import/Export Plunge! U.S. Buying Power Takes Over
