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Ten month losing streak in U.S. imports ends in wake of trade war, COVID-19

China 2905 Coronavirus 507 Corp - Shipping 939 European Union 777 Japan 572 Mode - Containerized 1426 Mode - Seaborne 1762 Trade Balance 923 U.S. 5211

U.S. imports have returned to growth in August with U.S. seaborne imports having climbed 6.8% higher year over year in the first 15 days of the month. That follows a 10 month downturn in the wake of the U.S.-China trade war and the impact of COVID-19. The surge will likely exacerbate emerging congestion at major ports. Imports from China surged 14.3% higer year over year in the first half of August after increasing by 4.3% in July as the peak shipping season for Chinese consumer goods supplies gets underway. Exports from the EU rose by 7.5% after falling 13.9% in July after a slow reopen...

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