According to reports from the US media a few days ago, affected by the new coronavirus epidemic, American consumers who have stayed at home for a long time snapped up a large number of products made in China, and American imports from China have increased significantly.
A related report in the New York Times pointed out that although the US government imposed tariffs and other trade restrictions on China, there is almost no sign that the supply chain is returning to the US. Earlier this year, some US politicians threatened that the epidemic would reduce the US’s trade dependence on China, but the actual situation is just the opposite.
According to the United States Customs Data for the first 10 months of this year show that the United States imported a large number of consumer electronics products from China, as well as masks and other personal protective equipment to respond to the epidemic.
Mary Lovely, a senior researcher at the Peterson Institute for International Economics, said that China has achieved rapid economic recovery and has become the main source of imports for the United States during the epidemic. She predicts that this year’s total US imports will be lower than 2019, but China’s share of total US imports may increase.
“Simple Fun” toy company CEO Jay Forman believes that facts have proved that China can respond to the epidemic faster and more effectively than any other country, and that China still has the best production supply chain in the world.
Post time: Dec-17-2020