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Just as he’s always promised, Trump has taken America back in time. And apparently that time of greatness we’ve all been seeking to re-create was the summer of 2020. Happy days are here again.
Hopefully you’ve all gotten your five-pencil allotment for the year.
Trump trade tariffs slump widens to ‘nearly all U.S. exports,’ supply chain data shows
Hopefully you’ve all gotten your five-pencil allotment for the year.
Trump trade tariffs slump widens to ‘nearly all U.S. exports,’ supply chain data shows
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.
The latest trade data shows that a slide in U.S. exports to the world, and China in particular, that began in January now extends to most U.S. ports, according to trade tracker Vizion, which analyzed U.S. export container bookings for the five-week period before the tariffs began and the five weeks after the tariffs took effect.
“We haven’t seen anything like this since the disruptions of summer 2020,” said Kyle Henderson, CEO of Vizion. “That means goods expected to arrive in the next six to eight weeks simply won’t. With tariffs driving costs higher, small businesses are pausing orders. Products that once moved reliably are now twice as expensive, forcing importers into tough decisions,” he said.