Imports hit by new tariffs are down 23%, with China posting the steepest losses

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New tariffs introduced in January have caused a 23% decline in imports, with China experiencing the steepest losses among affected categories. Despite decreased imports from China, overall imports from Asia have increased, reflecting shifting trade dynamics.

New tariffs imposed in January, affecting over 1,400 product categories, have slashed those imports from US $15.4 billion to $11.8 billion. Overall imports from Asia, however, are up. The post Imports hit by new tariffs are down 23%, with China posting the steepest losses appeared first on Mexico News Daily