Party Over in California as China Tariff War Takes Away The Punchbowl — Panjiva


Party Over in California as China Tariff War Takes Away The Punchbowl

Corp - Ports 661 Mode - Seaborne 1273 U.S. 3297

Container handling at California’s big three ports of LA, Long Beach and Oakland fell 3.4% on a year earlier in November. Export handling slumped by 9.4% vs. 3.4% for imports – if repeated at the national level that could have resulted in another marked surge in the U.S. trade deficit. Los Angeles lead the decline with a 9.9% drop in volumes handled including an 8.8% slide in inbound traffic. The drop in exports and imports can in part be blamed on the tariff war between the U.S. and China. While there has been a pause in the escalation of tariffs for now, California’s ...

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