The Port of Los Angeles has made history by becoming the first major U.S. seaport, airport, or border crossing to surpass $30 billion in two-way trade within a single month, according to data from the U.S. Census Bureau. This milestone highlights the port's crucial role in facilitating international commerce, with China accounting for nearly 37% of the total trade volume.
However, as President-elect Donald Trump takes office, economists are raising concerns about the potential ripple effects should new tariffs be imposed. These tariffs could disrupt the current trade dynamics, impacting businesses and economies on both sides of the Pacific. The development underscores the delicate balance of global trade and the far-reaching implications of policy changes.
Reference(s):
cgtn.com
