What does US-China traffic data tell us?

Tariffs and counter-tariffs are all the rage. China seems to be becoming the focal point of attention, as it has been the most vociferous opponent of US tariff hegemony. We offer a history based on the US DOT T-100 to cut through the noise and posturing. There are signs that both sides might want an off-ramp to the cycle.

The data source is current through December 2024. While this does not reflect current information, we offer a history from 2010, which provides a good sense of the volumes and trends. Yesterday, we assessed the impact of the tariff rift on Boeing.