Number of vessels scheduled to arrive at Port of Los Angeles next week is down by almost a third year on year
Trump’s increasingly erratic trade war has triggered a slump in container shipments to the US’s most important ports, amid the growing risk of a recession in the world’s largest economy.
In the latest sign of the US president’s tariff policies rattling the economy, figures show the number of vessels scheduled to arrive at the Port of Los Angeles next week is down by almost a third from the same period a year earlier.
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Economists have warned that Trump’s trade battles will lead to a significant slowdown in global trade and come with a cost for US consumers by pushing up prices and raising the chances of a recession. Washington has imposed a 145% tariff on Chinese imports and a blanket 10% border tax on all other countries, barring some exemptions.
Would love a Republican to explain to me how this is making America great again. Or how this is Biden's fault somehow.
I think the theory is that if things are made in the US there's less reason to import anything. So in a way this proves the plan worked.
Step two, build and staff factories all over the place to immediately fill the gaps on the shop shelves. This activity is left as an exercise for the reader.
I can totally imagine wanting to invest millions in building out a factory and just believing trump won’t change his mind next week. /s
Magats hate you and me and our suffering is enough to justify this to them. They are trash humans.
Republican: "that's fake news. We're winning!"