The new situation in East Asia, or at least one graphical illustration of it.
The top curve, with the white triangles, is the proportion of Japan's total trade that is trade with the United States. The bottom curve, with the black squares, is the proportion of Japan's total trade that is trade with China. The gray bars are Japan's total trade volume in dollars.
Image by Shibota Atsuo. Image copied from from here.
The big picture is, Japan's trade is diversifying, being less dependent on one (or two) major partners. Good for Japan. Arguably good for everyone.
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