China, Asia to fill bulk of surging US demand for goods in 2021 as global trade rebounds from coronavirus, WTO says

The United States and the rest of North America will be the biggest importers of goods this year while China and other Asian economies will lead the way in supplying them, the World Trade Organization (WTO) said.

North America will drive demand in merchandise trade this year thanks to large fiscal injections in the US, the WTO announced in its global trade forecast on Wednesday. US imports are set to rise by 11.4 per cent after tumbling 6.1 per cent last year.