Financial Times on “Demand slump fuelled by Trump tariffs hits US ports and air freight”

The Financial Times with the info:

The Financial Times is gated, but in brief:

• The Port of Los Angeles, the main route of entry for goods from
  China, expects scheduled arrivals in the week starting May 4 to be a
  third lower than a year before, while airfreight handlers have also
  reported sharp falls in bookings.
• Bookings for standard 20-foot shipping containers from China to the
  US were 45 per cent lower than a year earlier by mid-April
• cost of access to the US market would be the highest since the
  1930s

The FT article has much more detail, if you can access it here is the link.

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There may be some hop on the horizon:

• Walmart has notified Chinese suppliers to resume shipping goods – report

This article was written by Eamonn Sheridan at www.forexlive.com.