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China‑US shipping collapses as cargo traffic to U.S. plunges 42 %
China‑to‑US cargo traffic falls 42% in October, signalling deepening trade slowdown.
Cargo traffic from China to the United States plunged 42% in October, according to data cited. China’s global exports fell 1.1% year‑on‑year despite a 8.3% rise in September. Slowing U.S. demand and supply‑chain diversion are cited as causes.
The collapse in shipping activity adds to concerns about global trade momentum and could weigh on export‑reliant economies such as India and Southeast Asia.
Analysts suggest firms may accelerate regional diversification and seek near‑shoring alternatives in response.