Don't Look at Stock Markets. Look at the Ports.
Briefly

The article highlights a sharp decline in maritime traffic at the Port of Los Angeles, attributed to steep tariffs on imports, particularly from China. Key figures in logistics express concerns that these tariffs have severely disrupted the supply chain, with executives predicting a potential 35% drop in cargo arrivals. While President Trump aims to use tariffs to bolster manufacturing, analysts warn that the resulting economic shocks will ripple through logistics, affecting the broader economy for months to come.
Trump views tariffs as essential to rebuilding the manufacturing economy that the United States once had. But his erratic tariff announcements have badly disrupted the economy that the country has today.
These are big, massive bullwhips that have not been seen since COVID. The tariffs themselves are a shock to the system, and the shock is echoed and amplified across the entire chain.
Essentially all shipments out of China for major retailers and manufacturers have ceased.
Cargo arrivals would soon be down 35 percent over the same time last year, indicating an ominous trend in maritime traffic.
Read at The Atlantic
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