CNN's Kaitlan Collins highlighted the absence of ships at the Port of Seattle, underscoring the impact of President Trump's tariffs. Commissioner Ryan Calkins revealed this rare occurrence reflects significant disruptions, as it leads to a halt in unloading merchandise and a ripple effect on jobs nationwide. Federal Reserve Chairman Jerome Powell indicated that tariffs are predicted to cause higher inflation and unemployment. The situation at the Seattle port illustrates the broader economic ramifications of ongoing trade tensions, particularly with China.
The impact of the tariffs has real implications. It means that we don't have longshore workers on the dock, right now, unloading merchandise. We don't have trains taking that merchandise to inland ports... That's hundreds of jobs right here.
Given the scope and scale of the tariffs, the risks to higher inflation, higher unemployment have increased.
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