In Houthi Red Sea conflict, White House, Congress divide on use of military is getting dangerous for the economy.
U.S. import and export data shows that the majority of the country’s trade is on foreign-flagged vessels. In fact, according to U.S. trade data aggregated by MDS Transmodal, less than 3% of trade is carried by U.S. vessels — 97.2% of U.S. trade is transported on vessels that are flagged by foreign nations.