Container shipping, the backbone of world trade, is getting clogged.
A key port for trade between China and the U.S. is bottlenecked. The port of Long Beach in California is breaking records for cargo imports, which include items like furniture. Author, blogger, and columnist Gordon Chang says there's a reason why containers from China spiked in November.
“The push to get China out of our supply chains is probably going to be undermined by a Biden administration,” Chang said. “Because big box retailers on the day after the election, canceled orders from domestic producers, and placed them in China.”
Chang says he's concerned a Biden administration will fail to promote manufacturing back home.
“This is going to be a challenge for us, because we need to manufacture at home. We have so many problems that are aggravated by our factories leaving for China, when goods can be manufactured here or close to here.”