China Has Become an Even Bigger US Import Source Post-COVID

Politically, the U.S. and China are barely on speaking terms. Trade-wise, they’re still very much in bed together. Cargo from China is accounting for an even greater share of inbound container volumes than before the coronavirus crisis, according to new customs data.

China flows have pushed up trans-Pacific eastbound spot freight rates this month and helped blunt volume fallout along the U.S. West Coast. In fact, the Port of Long Beach disclosed on Tuesday that it had handled 312,590 loaded inbound twenty-foot equivalent unit (TEU) containers in May, up 7.6% year-on-year and up 23.3% from April…

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