China-US Container Ship Decline Threatens U.S. Consumer Market

The recent decline in the number of container ships departing from China to the United States has raised concerns about a potential new economic threat to the U.S. consumer market. The chief economist of Apollo Research Institute has warned that this trend could weaken the purchasing power of American consumers.

The slowdown in maritime activities has exacerbated the risk of goods shortages and rising costs, particularly as imported goods continue to face tariff pressures. The latest data indicates that the overall import cargo volume in the United States is also on a downward trend. The economist noted, "When consumers are unable to obtain the goods they need from abroad and imported goods become more expensive due to tariff policies, U.S. consumer spending is bound to shrink."

The economist further pointed out that the growth momentum of U.S. consumption is facing multiple challenges, including sustained tariff barriers, high interest rates, the resumption of student loan repayments, and policies that reduce the size of the consumer population. These factors are collectively impacting the consumer market.

The expansion of the 50% tariff on imported steel and aluminum to include automotive parts, construction materials, and food packaging, among other products, has further complicated the situation. This move is expected to have significant implications for the U.S. economy, as it could lead to a reduction in imports and an increase in domestic prices for these goods. The economist's warning underscores the need for policymakers to address these issues to prevent a potential crisis in the U.S. consumer market.