The impact of tariffs on China-to-U.S. container shipments is becoming increasingly evident. Reports indicate a significant drop in China’s exports to the U.S., raising concerns about potential product shortages. The Port of Los Angeles has warned that shipping volume could plummet by 35% next week due to the ongoing trade war. Retailers are reportedly left with only about seven weeks of full inventories. Experts warn that the supply shock could have broader economic implications as tensions between the U.S. and China persist.
— new from WSJ