XPost: alt.fan.rush-limbaugh, alt.politics.democrats.d, or.politics
originally from WSJ
https://archive.ph/nHJqN
The number of ships sailing from China to
the U.S. laden with clothes, electronics,
furniture and other goods is plunging, as
an accelerating number of cargoes are
canceled.
The scrapped sailings come after the Trump
administration ratcheted up tariffs on China
while giving a three-month reprieve on punitive
levies for much of the rest of the world.
At the Port of Los Angeles, one of America’s
biggest gateways for imports from China,
executive director Gene Seroka told port
officials Thursday that he expects a 35% drop
in import volumes in two weeks “as essentially
all shipments out of China for major retailers
and manufacturers has ceased.”
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