Are the US and Chinese economies on the verge of decoupling? Trade data might suggest so, as the Asian giant, Washington's largest trading partner for a decade, has been supplanted by Mexico and is seeing its market share shrink.
"Decoupling" or "derisking" vis-a-vis China are themes repeated over and over by President Joe Biden's administration, but also by his Republican rivals, led by Donald Trump, in this general election year during which China is likely to be the main foreign policy topic.
