US imports from China declined by 29 per cent, resulting in a drop in China’s market share of 4.4 percentage points in 2025 alone, from 13.8 per cent to 9.3 per cent. At the same time, the United States imported significantly more from several Asian economies, including India, Indonesia, the Philippines, Chinese Taipei, Thailand and Viet Nam. “Many of these economies also saw sizeable increases in imports from China in 2025, particularly among ASEAN members. These developments point to adjustments in global supply chains, including a possible trade diversion of China’s exports toward destinations facing lower tariffs, or the rerouting…
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