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2022 U.S.-China Trade Data Shows No Signs of Widespread Decoupling
Earlier this week, the Census Bureau released its official 2022 trade data. As our Cato colleague Scott Lincicome noted, the overall data continues to undercut the popular narrative pushed by politicians and pundits about the demise of globalization. On a more granular level, the data are revealing for U.S.-China trade watchers. First, for all of the talk about “strategic decoupling,” trade ties remain strong between the United States and China. Over the last five years, policymakers in Washington and Beijing have erected large trade barriers between the two countries: tariffs and reprisals have gone back and ... (full story)