Archive: https://archive.today/QKowS From the post: >>The U.S.-China trade war has begun, so say goodbye to the goods. The Port of Los Angeles anticipates a drop-off in imports next week compared to a year ago, totaling more than a third of typical incoming cargo traffic. “It’s a precipitous drop in volume, with a number of major American retailers stopping all shipments from China based on the tariffs,” Gene Seroka, executive director of the Port of L.A., said on CNBC Tuesday morning. While President Donald Trump pressed pause on his sweeping tariff regimen and placed a 10% blanket tax on other countries, he taxed China more. He placed a 145% tariff on China, which retaliated with a 120% duty on American goods. No trade deal has been made, and it is unclear whether there are negotiations happening. Treasury Secretary Scott Bessent has put the onus on China to come to the table and ink a deal. Still, just under half of the port’s business emanates from China, Seroka explained. So things could be bleak until then.