The Port of Los Angeles anticipates a 35% drop in shipping volume next week as the impact of new tariffs on Chinese goods begins to take effect. This decline signals the beginning of potential shortages and higher prices for consumers. The tariffs, imposed as part of ongoing trade tensions, are affecting businesses reliant on imports from China. Small businesses, in particular, are feeling the pinch, with some facing ‘pandemic-level crises’ due to increased costs. Industry experts warn that this supply shock could lead to broader economic challenges as companies adjust to the new trade landscape. The situation highlights the ripple effects of trade policy on global supply chains and consumer markets.
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