Don’t mean to be a balance-of-trade guy, but um…..
«Meanwhile, the demise of America’s export trade continued in June, with laden containers declining a further 4.1% cumulatively, to 767,823 teu, at the top ten ports.
By comparison with June 2019, exports were down 16.2%, and the ratio between imports and exports is continuing to grow; now standing at 2.82, compared with 2.52 in 2021, 2.19 in 2020 and a much healthier 1.85 in 2019.
The export decline is attributed to the impact of China tariffs on exports, as well as carriers preferring to reposition their equipment back to Asia due to the spike in headhaul freight rates.»
Thanks, President* Trump!