The global trade map is tilting toward the trans-Atlantic. Trade and investment between the U.S. and Europe is booming as Russia’s war in Ukraine and fraying ties between the West and China draw the Atlantic allies closer.

The Wall Street Journal reports the U.S. has imported more goods from Europe than from China in 2022, with Swiss watches, German machinery, Italian luxury items, money and other products flooding across the Atlantic as never before.

The shift is helping Europe’s embattled manufacturers and pushing East Coast ports ahead of their West Coast counterparts in import volumes after years of Asia’s ascendance. 

Container imports into major East Coast ports were up 3.4% year-over-year in September while the inbound volume dropped 17.8% at West Coast ports, according to the Pacific Merchant Shipping Association, as labor tensions at Pacific ports and the burgeoning trans-Atlantic relationship start to reset supply chains.