Recent Trade News
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Reduced Inspection Frequencies For Meat Imported From Australia And New Zealand
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U.S. Imports Slow as Global Economy Weakens
By George Lauriat , American Journal of Transportation Feb 09, 2016
US trade slowed in the fourth quarter as the global economy faltered but many US importers still had good years. Will it continue?
The United States’ trade for 2015 will exceed $400 billion [$407 billion through Nov. 2015] although both imports and exports slowed in the fourth quarter.
The factors were myriad for the slowdown. In some sectors inventory-taking impacted imports while other sectors, especially those related to energy, felt the effects of a glut in supply dampening development and downstream projects.
Still, American importers were remarkably strong in 2015, when compared to other international markets. However, as the data from 2015 would suggest, US imports are shifting as some sectors weaken while others seem to be rising. Although the confidential nature of import data reporting makes it difficult to illustrate a complete picture of what the US economy is doing, the import data can build a caricature of the economy.
Read Full Article on American Journal of Transportation »