Washington: China is no longer the top trading partner of the United States and has been replaced by America’s neighbours Mexico and Canada, according to a media report.
Mexico was the top trading partner of the United States followed by Canada in the first half of the year, the latest official data reveals, according to The Wall Street Journal.
As a result of the ongoing trade war between the US and China, imports from China to the US dropped by 12 per cent and America’s export to China fell by 19 per cent, the daily said. Donald Trump has imposed 25 per cent import tariff on Chinese products worth USD 250 billion.
The Wall Street Journal reported that according to a Commerce Department report, the total value of bilateral goods exchanged with China fell by 14 per cent in the first half of the year to USD 271.04 billion.
After holding the top spot among U.S. trading partners from 2015 to 2018, China now sits at No.3 and is now smaller than Mexico for the first time since 2005.