The shift is the result of a years-long trend that has seen a gradual decline in China’s share of the U.S. import market, driven primarily by continued U.S. tariffs on a broad array of Chinese goods. As recently as 2017, Chinese goods had accounted for more than 21% of U.S. imports, but after former President Donald Trump imposed a series of tariffs on Chinese goods, a policy extended by President Joe Biden, that share has been in steady decline.

Read the article.