The crucial services exports, manufacturing exports and imports, the arts & entertainment industry, fishing industry… it’s a mess.
But the Trade Fiasco with China was the least terrible since 2013.
Against expectations, the feared plunge in remittances, as during the US Housing Bust, did not occur. For interesting reasons. Weirdest Economy Ever.
Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising.
US Federal Maritime Commission investigates container carriers’ “abandonment” of American agricultural industry. Weirdest Economy Ever.
None of the gloomiest predictions of how a Hard Brexit could impact UK expats in the EU has come to pass. But there are complications.
While US Farmers Struggle to Find Empty Containers for Exports.
Declining Hegemony. But still Hegemony.
Not a sign of strength, but of big economic distortions.
But the downturn in the goods-based sectors started in 2018. US exports are now down 37% from that peak, imports down 25%.