China Exports to the U.S. Plunge

“Shipments of goods from China to the U.S. are dropping sharply with the Trump administration’s steep tariffs in place, leading major U.S. retailers to warn about impending supply shortages,” CBS News reports.

“At the Port of Los Angeles, which, along with the Port of Long Beach, receives roughly 40% of all imports from Asia, shipments last week were down 10% compared with the same period one year earlier. That number is expected to keep falling.”