What does a 60% drop in US imports from China look like? ...Middle East

He notes that the US imports $600 billion in goods (though I think the correct number is $460 billion) from China annually and those goods retail for around $2 trillion.

Petersen also worries that an undoing of the tariffs will eventually cause a separate set of problems as ships are now being repositioned globally and that a surge in orders later could overwhelm the network -- particularly if a reprieve in China tariffs is seen as temporary.

"It’s a strange time in the logistics world as we have to plan for the unimaginable (autarky in the United States) while hedging for regression to the mean (relatively normal trade relations)," Petersen writes.

This article was written by Adam Button at www.forexlive.com.

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