China Just Lost 25 Years of Export Gains — China’s Share of U.S. Imports Collapsed to 7.5%.
Peter Schiff Is Right About Many things — And Wrong About China.
China spent 20 years becoming the world’s factory.
Now one number tells you that era is ending.
China’s share of U.S. imports has collapsed back to 7.5% — the same level as 2001, right after joining the WTO. This isn’t a temporary dip. It’s a structural reversal.
In this video, I break down where the orders went (Mexico, Vietnam, India), why they’re not coming back, and why the “China can just export to the US via other countries” argument completely misses how modern supply chains actually work.
We’ll also tackle why weak domestic demand, a collapsing property market, and rising costs make this shift especially painful for China — and why, from the U.S. perspective, paying more for resilience is a strategic win.