[dirtyid]

It's also fundementally omitting how much PRC has entrenched itself as global factory than ever.

PRC exports to US/west near record highs while trade with global south have exceeded western bloc. The only reason export decline notable is because PRC exports has increased so spectacularly in the past few years (export value grew from 2.5T in 2019 to 3.6T in 2022) that there's nowhere to go but down when global economy underperforms. Net export value is still up ~40% since 2019 - exports stats can be confirmed bilaterally. PRC exports grew as much in last 4 years (~1T) as it did in decade between 2008-2018 (1.4T-2.4T). Meanwhile US increased imports from "friendshore" countries mirrored PRC increased exports to those countries, i.e. it's tarrif engineering and US import dependence on PRC ultimately still increasing.