No. of Recommendations: 4
…and most of these new containers will be heading to the US full, and leaving empty:
German shipping company Hapag-Lloyd has placed an order for 150,000 twenty-foot equivalent containers amid the pandemic-fueled container crunch in Asia and around the world.
The boxes, ordered from China, include both dry boxes and state-of-the-art reefer containers, as well as an additional 8,000 TEU of special containers to be used for over-sized or dangerous goods. The company says some of the boxes have already been delivered and integrated into its existing container fleet in the first quarter for 2021, but the majority of them are expected to be delivered in the upcoming months.
The USA is so dependant on others
Ford shuts down a plant because it can’t find enough computer chips
U.S. Dependence on Pharmaceutical Products From China…
I thought that Trump would do something about this but he was up against big business who make a lot of money from the current arrangement and who aren’t to worried about US citizens.
As the USA’s middle class get decimated, China’s is growing fast:
Over the past several decades, China’s economic development has lifted hundreds of millions of people out of poverty and resulted in a burgeoning middle class. Middle class households typically have enough income to satisfy their primary needs – food, clothing, and shelter – with some disposable income for additional consumption and savings. In 2000, China’s middle class amounted to just three percent of its population. By 2018, this number had climbed to over half of the population, constituting nearly 707 million people. China’s growing middle class presents new economic opportunities, but also poses significant political and demographic challenges.
Very strange economic times ahead