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.
