Washington and Beijing may be locked in an ongoing trade war, but you wouldn't know it looking at America's busiest ports, according to Bloomberg's Shawn Donnan.
The global economy, in other words, was chugging along nicely on one of the world’s busiest sea lanes. Trade wars be damned. -Bloomberg
Donnan notes that "President Donald Trump’s assault on globalization has had a paradoxical effect on world trade flows," suggesting that retail and other industries are rushing to get ahead higher tariffs down the road - "particularly on U.S. imports from China."
"The warehouse and distribution centers are full in southern California," according to Port of Los Angeles spokesman Phillip Sanfield. "We’re experiencing some logistical issues at the San Pedro ports just because there’s so much cargo in play here."
US-China Trade Paradoxically Explodes Amid Trump Trade War
A few days before Christmas, the container ship “SM Shanghai” was steaming toward California’s Port of Long Beach. Just ahead and coming to the end of an 11-day journey from China, the “Ever Lucent” was headed for the nearby Port of Los Angeles, where the “Thomas Jefferson” was preparing to sail in the opposite direction for Xiamen.
The global economy, in other words, was chugging along nicely on one of the world’s busiest sea lanes. Trade wars be damned. -Bloomberg
Donnan notes that "President Donald Trump’s assault on globalization has had a paradoxical effect on world trade flows," suggesting that retail and other industries are rushing to get ahead higher tariffs down the road - "particularly on U.S. imports from China."
"The warehouse and distribution centers are full in southern California," according to Port of Los Angeles spokesman Phillip Sanfield. "We’re experiencing some logistical issues at the San Pedro ports just because there’s so much cargo in play here."
US-China Trade Paradoxically Explodes Amid Trump Trade War