U.S. Imports From China Plunge
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Gene Seroka, Port of LA executive director, joins ‘Squawk Box’ to discuss the impact of tariffs on U.S. imports and shipments, impact of new tariffs on Chinese goods on shipments from China, tariff impact on retailers, and more. Here is a direct video link.
It takes about 30 days for container shipments to go from China to LA and 55 days to New York. So a drop off in shipments in early April suggest shortages in the US should be appearing by mid-May.
This has GDP-dampening prospects for China (shown below), the world’s second-largest economy and the US.
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