Port of LA executive director says retailers will soon have only about 7 weeks of full inventories left amid U.S.-China trade war
- US-China Trade War has startedThe port of a number of Los Angeles predicts cargo traffic unless the tariff transaction has reached a trump card, whether negotiations take place. Time ends, said JPMorgan Market Strategy.
US-China Trading War has started, so say goodbye to goods. The Los Angeles Port is waiting for a quit In the next week, more than one third of the total incoming cargo traffic in total incoming cargo.
“There is a sharp decline in a number of large American retailers, which stops all deliveries from China based on tariffs.” said sideways CNBC: Tuesday morning.
Before President Donald Trump slipped on his cleaning tariff regime and posted a 10% blanket tax on other countries, he taxed China more. He placed the 145% tariff on China, which answered 120% of American goods. No trade transaction has been made, and it is not clear, there are negotiations. Treasury Secretary Scott Bessent has Put the tumor Table and deal ink on China. It is still less than half of the port’s business, from which it comes from China, explained Seroka. So everything could have been junk.
“What we see next, then retailers have been left of all about five to seven weeks, and then the elections will decrease,” said Seroka. CNBC:A number doesn’t mean the shelves will be empty, but you can see it in a blue shirt, but you can only be blue, but only one blue is not only one blue.
“No one wins,” he said. “China is the American factory.” He later said: “The pain is experienced on both sides of the Pacific Ocean.”
Batent has many times called China tariffs are unstable because the country sells much more to the United States than the other way. He believes that China wants a failure because it is due to the exclusion of the tariffs, but he still threatens the escalation ladder if it is not. However, Trump’s Administration, according to recent lpl financial indicationHe adopted a softer holiday on China. The President is interested in floating The tariffs for the Chinese goods will be significantly reduced.
“We will see what that means, but the recipient shade was enough to increase fuel for the market recovery,” LPL. So far, the three main indicators are relatively smooth in the early daytime.
Tuesday Tuesday, JPMorgan Asset’s main management market strategist, also Gabriela Santos, also said CNBC:“Time ends to see China’s lack of tariffs.” Everyone knows that tariffs are unstable, he said, but the markets must see that they are actually leaving.
“We are not talking about higher prices and companies that imagine the ways to pass it,” said Santos. “We talk about the real failures of the supply chain.”
This story was originally shown Fortune.com
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