berg80
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- Oct 28, 2017
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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.
The farming sector has been warning of a “crisis” and ports data is showing more evidence of lack of ability to move product out to global markets. Port of Oregon tops the list with a 51% decrease in exports, while Port of Tacoma, a large agricultural export port, has seen a 28% decrease. The port’s top destinations for corn, soybeans, and other ag exports include Japan, China, and South Korea.
https://www.cnbc.com/2025/05/06/trump-tariffs-hit-us-exports-import-covid-level-event.html
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