Where was most of America’s stuff imported from last year? Hint: It’s not China
For the past two decades, the United States imported more goods from China than all other nations. Mexico is now the top exporter of goods into the US, according to new trade data released by the Commerce Department on Wednesday. Mexico sent $475.6 billion worth of goods into the US last year, a 5% increase from 2022. China, meanwhile, exported $427.2 billion worth of goods to the US last year, a 20% slump from 2022. That’s the largest annual decline in the trade deficit since 2009.
Source: CNN February 07, 2024 22:53 UTC
