Like her transportation secretary corruption for her shipping business?
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the thought wasn’t fully formed, there’s an idle inkling there about what it means for the fact that shipping btw the us and china was so *cheap* for so longgg
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I think the high capex of shipping probably has more effect than monetary policy. Keeping currencies weak for export is too blunt an instrument to keep transportation low cost
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This would only affect retail shipping though right? Most trade is wholesale to resellers, so the effect of this would depend on the fraction of direct international retail. So like eBay and alibaba type purchases. I suspect this picture is missing something.
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