The shipments between the U.S. and China are experiencing a significant slowdown as tariffs continue to escalate. These tariffs are raising fears of potential product shortages and empty store shelves. The Port of Los Angeles, one of the busiest ports in the U.S., is witnessing a notable decline in traffic due to these trade policies. According to Drewry, global container shipping volume is expected to fall by 1% because of the trade tensions initiated by Trump’s policies. This decline in Chinese freight ship traffic to major U.S. ports like Los Angeles and Long Beach highlights the broader impact of tariffs on international trade.
— new from Barron’s