By now you’ve probably heard that US shipping times have been slashed in a bid to save money and make the country more competitive.
But the actual change isn’t quite as drastic as we’d hope.
A new survey by US shipping website, ShipTime, shows that US ships now have shipping times that are, on average, almost half the average of all European countries.
The US ship times, while a significant reduction, are still well below those in other parts of the world, and the gap between US and European ships in terms of shipping times is still widening.
The shipping times of some European countries like Germany, Sweden and Denmark have actually risen in the past few years, which means that the gap in terms, on top of the savings, is widening too.
The survey also found that many European countries are facing problems with high inflation.
For instance, Denmark has a very low inflation rate and is currently experiencing inflation of more than 15%.
The US is, however, a different story.
According to the survey, US shipping costs have risen by 25% since 2006, while inflation has not risen much.
The result of this disparity is that US companies are often forced to make up lost profit by moving jobs and investment to other countries.US President Donald Trump has promised to renegotiate the Trans-Pacific Partnership trade deal, which would open up US markets to cheaper Chinese imports, which have been seen as an effort to lower the cost of doing business.
But if we’re to believe the US government, the benefits of these deals are worth the cost.
The US government has also been looking to boost exports, particularly by bringing back manufacturing jobs.
The United States is home to some of the highest per capita exports of any country in the world.
That’s partly because of the US’s manufacturing base, which includes large manufacturing companies like General Motors, Toyota and Walmart, as well as service-based manufacturers like IBM and Hewlett Packard.
However, exports are also heavily reliant on exports of services, which include health care, energy, food, education, finance and other sectors that often take up a lot of resources.