Imports from China，rising，highest rate since last fall

 

Imports from China to the US are rising at the highest rate since last fall

 

• The latest CPI inflation data showed a larger than expected rise led by services, but on the goods side of the economy, trade data is also showing a recent increase in U.S. imports from China,
• Inbound cargo volume at the nation’s major container ports is expected to top two million units monthly for the first time since last fall, a rise compounded by the Port of Baltimore closure, with the Port of Virginia in Norfolk seeing “near pandemic level” of volume, and leading to pressure on supply chain prices.

https://www.cnbc.com/2024/04/10/imports-from-china-to-us-are-rising-at-highest-rate-since-last-fall.html