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The Labor Department reported that the price of imported goods rose 0.3% in February compared to 0.8% the month before.
We bought more imports from Mexico — and Chinese companies have been investing heavily there.
A year ago, U.S. exporters were complaining that the dollar was too strong. Not anymore.
It’s mostly down to the falling price of oil, but the ingredients and materials manufacturers use are getting cheaper too.
The share of goods the U.S. imports from China has declined to its lowest level since 2006, as manufacturers and retailers seek to diversify their supply chains.
The dollar’s strong because the Federal Reserve’s been raising interest rates.
The economy grew, but not as much as expected. Some parts of the economy are slowing, but not as much as expected.
Imports fell more than exports.
Retailers have managed to offload excess inventory, and global shipping is returning to pre-pandemic normal.
The greenback’s strength has made it tough for U.S. businesses to compete overseas.