US-China trade surged to a record last year, in defiance of all the learned writings about decoupling. The most global of markets, that of currency trading, has swollen to an eye-popping $7.5 trillion a day. Tariffs are causing some decoupling between the US and China, but not a rupturing of dependence on the latter
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That would seem to be a sign that the US is focusing on lessening its reliance on China as changes to global manufacturing and supply chains are unfolding.