Last year, Mexico replaced China as the largest source of American merchandise imports. There is no mystery why this happened: Imports from China plunged 20.3 percent. Some of the decline in Chinese imports is attributable to Chinese firms moving production to offshore locations such as Mexico, which benefits from the USMCA agreement, as well as Vietnam and other Southeast Asia locations.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.