China’s Share of US Imports Falls to Lowest Since 2006 (1)

China’s share of US goods imports fell to the lowest level since 2006 in the 12 months through July, according to a new report by the US Census Bureau.

The share of imported merchandise coming from China was 14.6% on average over that period, the data published Wednesday showed. That’s down from a peak of 21.8% in the 12 months through March 2018, just before former US President Donald Trump ramped up a trade war with the Asian country.

American companies have been reorganizing supply chains in recent years amid the US government’s attempts to reduce the economy’s dependence ...