Quitting a two-decades long addiction is hard.
Despite a major shift in U.S.-China relations and the passage of significant industrial policy designed to increase American production in critical industries, the United States remains woefully addicted to Chinese imports. New data from the Commerce Department shows that the goods deficit with China increased in 2022 to $382.9 billion, and the U.S. imported a total of $536.8 billion worth of goods, a 6.3% jump over the previous year.
