US ports are on the front line of Trump's trade war – and they're bracing for higher China tariffs
2018-07-29 09:54:03 source:CNBC
July 29, 2018
U.S. ports, which handle hundreds of billions of dollars in merchandise each year, will be the first to feel the pain if the Trump administration's trade war begins to slow the global economy.
So, as the White House threatens to impose higher duties on $200 billion worth of Chinese goods, port managers are bracing for the prospect of canceled shipments and lost jobs.
"It would be a game-changer," said Mario Cordero, executive director of the Port of Long Beach, California. "It would be detrimental to jobs at the port and detrimental to the state and national economy."
Read more:
https://www.cnbc.com/2018/07/27/us-ports-brace-for-higher-tariffs-from-china-in-trump-trade-war.html