Yogthos on Nostr: Despite high tariffs against Chinese-built products, the United States imported ...

Despite high tariffs against Chinese-built products, the United States imported record volumes of manufactured goods from China in July.

Policymakers expected that after years of high tariffs and sanctions, that supply chain managers would be moving supply chains out of China, and bring them home.

The opposite happened, and imports from China are not merely larger than ever, but are accelerating relative to countries most friendly to the United States.

#economy #us #china