The US no longer buys from China, which finds the perfect ally in Russia. USA, Mexico and Canada
A worrying shift in global economic dynamics is reflected in a recent chart showing China’s exports to the United States are declining while China’s imports from Russia are rising for the first time since 2023. This trend has led to, for the first time in two decades, the United States importing more from Mexico and Canada than from China.
China’s increasing dependence on energy imports, particularly Russian oil, has been a key factor in this change. This situation has been exacerbated by the United States’ policy of pressuring China to limit its trade relations with Russia.
The graphic provided by Banco América illustrates a clear shift in global trade relations away from globalization and towards bloc economic policies. “This shift can have profound effects on the global economy and geopolitics.”