World Trade Plunges. Here’s Why it’s Even Worse in Reality: China’s Deep-Fake Data Comes to Light | Wolf Street

As the chart shows, the slow-down in the US goods-based sectors started in late 2018 and worsened in 2019 before getting walloped in 2020. I have been documenting this downturn in the US goods-based sectors with various trucking and railroad measures. And it also shows in the trade data. The gap between the two lines (imports minus exports) is the US trade deficit:

World Trade Plunges. Here’s Why it’s Even Worse in Reality: China’s Deep-Fake Data Comes to Light | Wolf Street