Donald Trump’s increasingly erratic trade war has triggered a slump in shipments to the US’s most important ports, amid the growing risk of a recession in the world’s largest economy.
In the latest sign of the US president’s tariff policies rattling the economy, figures show the number of vessels scheduled to arrive at the Port of Los Angeles next week is down by almost a third on the same period a year earlier.
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Analysts said the latest shipping figures, which are updated on a daily basis, indicated the fallout was escalating.
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Highlighting that it typically takes between 20 and 40 days for a sea container to travel from China to the US, Sløk said there would be a knock-on impact on demand for US trucking from the middle of next month, which could lead to empty shelves and layoffs in the distribution and retail industries.
This could lead to a recession by the summer, he added.
Thank the narcissist in the White House! Does he care? No!
