Lessons About International Trade At A Seaport
July 9, 2014 in Daily Bulletin
Tim Fernholz visited America’s busiest seaport and wrote about what he learnt:
- Instead of drugs or weapons, the biggest source of contraband goods entering the United States is actually fake designer clothing.
- The port’s number one export by volume is air – in the form of containers that go back empty since America imports far more than it exports.
- Recently however America has started filling the containers with trash which can be recycled cheaply in China. The port has a mega-shredder to tear up cars and other large items.
- Geopolitical concerns don’t matter as much. Evergreen, a Taiwanese company, has no qualms working with Chinese freight.
The full article goes into much more depth and looks at a wider variety of the aspects of international trade. Read it here.
Source: Quartz
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