That’s led to fewer ships at sea carrying less cargo to America’s ports.
For many businesses, it is now too expensive to do business with China, one of America’s most important trading partners.
Officials are concerned not just about the lack of vessels leaving China, but the speed at which that number dropped.
“We are now seeing numbers in excess of what we witnessed in the pandemic” for cancellations and fewer vessel arrivals.
On Wednesday, the Port of Seattle said it had zero container ships in the port, another anomaly that hasn’t happened since the pandemic.
But that number is down from 72% in 2016 as retailers shift away from China over simmering trade tensions.
Maersk, the second largest shipping line in the world, told CNN the cargo volume between the United States and China has fallen by 30-40% compared to normal. »
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