US Imports from China Plunged Most Ever in 2019, Shifted to Other Countries, and the Goods Trade Deficit Improved Only a Tad from Worst Level Ever by Wolf Richter • Feb 5, 2020 • 94 Comments Corporate America rerouted its supply chain to other countries.
US Auto Imports from Mexico Hit Record, but Mexico’s Global Auto Exports Fall for First Time since 2009 by Nick Corbishley • Jan 11, 2020 • 31 Comments GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.
Manufacturing Employment, New Orders & Production Fall Fastest Since Apr-Aug 2009 by Wolf Richter • Jan 3, 2020 • 91 Comments An ugly report. How will it impact the overall economy?
Status of US Dollar as Global Reserve Currency v. Euro, Yen, Chinese Renminbi, & Others by Wolf Richter • Jan 2, 2020 • 111 Comments Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.
What’s Driving the Decline in the Goods-Based Sector, After the Boom of 2018? by Wolf Richter • Dec 6, 2019 • 74 Comments And a special word on apparel sales, as a sign of our times.
US Targets Wage-Repression Model in Mexico, Demands Inspections, Industry Has a Cow by Nick Corbishley • Dec 5, 2019 • 51 Comments NAFTA 2.0 gets complicated for US & global manufacturers, particularly automakers.
Momentous Change in US Crude Oil Market, with Global Impact by Wolf Richter • Nov 29, 2019 • 131 Comments But US “Energy Independence” is More Complicated.
Murky Business of Chinese Merchandise on Amazon’s US Site by Wolf Richter • Nov 11, 2019 • 130 Comments Its China team “saw increasing patterns of fraud, counterfeits and unsafe products.” But US consumers have no clue where the sellers are and where the products came from.
US National Debt Passed $23 Trillion, Jumped $1.3 Trillion in 12 Months by Wolf Richter • Nov 2, 2019 • 144 Comments And these are the good times. What happens in a recession?
Panama Canal: Slowdown in US-Asia/China Trade? by MC01 • Nov 1, 2019 • 41 Comments One of the world’s critical choke points for maritime traffic.
