The US now directly imports more from Taiwan than from China | Gavekal Research

Gavekal Research: "US imports from Taiwan have recently surpassed imports from China for the first time since 1992. At least three different factors explain this dramatic shift.

• First is the big surge in volume and prices of semiconductor exports of Taiwan because of the AI boom.

• Second, supply chain concerns have prompted prominent US chip firms to import chips fabricated in Taiwan and elsewhere to the US for security checks before being shipped to their final destinations.

• Last but not the least, tariff pressures have forced Chinese exports to the US to be rerouted via third countries in Southeast Asia.