This is one of three ships that Walmart uses to transports it goods from China. They are going to be ordering two additional vessels to make a fleet of five. Each ship can transport 15,000 containers, yes containers. Just imagine how much goods are on these ships. A container (40ft) is what is attached to the 18 wheelers on the highway so this ship can take 15,000 of these at once.
To say the least Walmart is the biggest importer of Chinese goods into the United States but is no different from any other consumer orientated retailer in the US. Over the weekend I actually visited many stores in an attempt to complete some research. I visited over 10 stores and just one didn't have over 90% of goods marked made in China.
I was actually amazed as even simple items that I am sure could be made in any country especially the US, was marked made in China. The question in my mind now is are companies in retail just solely looking to China for their supplies?, if so China may have a greater influence on the US economy that just a major owner of US Treasuries. This will lead only to two possibilities and both I am afraid are bad in my eyes.
I guess we will see soon enough.
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