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Get Ready For A Supply Chain Nightmare As U.S. Exports And Imports Are Both Collapsing Dramatically
In the last few decades, the world economy has gotten more connected than ever, but now everything's changing fast. The flow of goods between the world's biggest economy and second biggest economy is totally falling apart, and that's going to hurt both sides of the Pacific in a big way. I've written a lot about how U.S. imports are way down, but the numbers show our exports are dropping like a rock too.
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There has been a 51 percent decline in exports at the Port of Portland and a 28 percent decline in exports at the Port of Tacoma…
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What began as a rapid drop in U.S. imports as shippers cut orders from manufacturing partners around the world has now extended into a nationwide export slump, with the U.S. agricultural sector and top farm products including soybeans, corn and beef taking the hardest hit.
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