China Trade Slows as Taiwan Semiconductors Power Exports to Surging US Market
- Chinese exports fell 7.5% in March 2022 compared to March 2021, more than expected
- Import growth also slowed more than forecast, down 1.9% year-on-year
- The US has surpassed China as Taiwan's top export market for 4 straight months
- Taiwan's exports to the US grew 65% in March 2022 compared to 2021
- Taiwan's semiconductor and AI tech exports are driving increased trade with the US
