- The U.S.-China trade war fallout has begun. The Port of Los Angeles anticipates plummeting cargo traffic until a deal on tariffs is reached, but the Trump administration has not indicated whether negotiations are happening. Time is running out, a JPMorgan chief market strategist said.
The U.S.-China trade war has begun, so say goodbye to the goods. The Port of Los Angeles anticipates a drop-off in imports next week compared to a year ago, totaling more than a third of typical incoming cargo traffic.
