The United States is going to give out money again! Cargo volume at US West Coast ports plummets

Recently, it is the tax filing and tax refund period in the United States. Many American consumers have received their tax refunds for the 2022 tax year. The IRS said that nearly 18 million tax refunds have been issued so far, with a total amount of more than 15.7 billion US dollars!

According to the IRS, the average tax refund for consumers across the country is $1,963 , and those who choose to receive their refund via direct deposit will receive an average of nearly $100 more.

The IRS generally receives more than 160 million tax refund returns each year, and applications will be sent to the IRS before April 18. The period from late February to early April is the peak period for tax refunds. Many Americans will choose to go shopping after receiving this unexpected money, which is a major benefit.

And this is just the national tax. Each state also has its own consumer incentives and tax refund plans, which will also be credited at about the same time. For example, many California consumers who filed taxes at the end of last year will receive tax refunds around February 22 this year (local time). The same is true for South Carolina. Those who filed taxes in the second half of last year will receive tax refunds before the end of March.

In addition to tax refunds, there are also some cash incentive programs. For example, Michigan plans to give a bonus of about several hundred dollars to state residents who have filed taxes at the end of this spring. The plan is still under discussion, and the specific amount and distribution date have not been determined.

Stimulated by various factors, we can definitely see that the number of orders and sales have recovered a lot in recent times. We should seize this window of opportunity and work hard on our products.

In addition to the positive news on the consumer side, there is also important news on shipping.

Recently, a data agency released the data of port unloading volume this year. Last month, the container unloading volume of ports on the west coast of the United States decreased by 23.5% compared with the same period last year, among which the Port of Long Beach performed the worst, with a drop of 32.3%!

Not only has the demand for shipping plummeted, but the supply of shipping capacity has also increased. In 2020, shipping was a big year, and shipping companies made a lot of money. Many shipping companies have arranged expansion plans, and some big sellers are also preparing their own freight fleets. These newly built freight ships will basically be delivered around 2023 and 2024, so this year's shipping capacity will be unprecedentedly oversupplied, and the shipping industry will face the phenomenon of "low demand" and "high supply", and prices will continue to fall or even fall further.