Economics

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.