April 9, 2026
3 Minute Read
China Decoupling Watch: Party Like It’s 1999
Last year’s historic increase in tariffs, and the shock of uncertainty surrounding their implementation, have roiled America’s foreign trade flows. The monthly trade balance swung from an all-time low to a 14-year high within eight months in 2025 (highlighted in red in the chart below). The initial impact was a surge in imports between the 2024 election and March 2025,…