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

a year ago

Stock markets plunged after Trump announced steep tariffs, with a partial suspension easing the sell-off.
The Port of Los Angeles reports a significant drop in maritime traffic due to high tariffs on China.
Trump's erratic tariff policies are disrupting the economy and global supply chains.
Supply-chain disruptions from tariffs may take 9-12 months to resolve, even if policies change.
The Port of Los Angeles and Long Beach handle 31% of U.S. container imports/exports, with cargo arrivals expected to drop 35%.
Cancellations of cargo ship voyages are increasing, with full tariff effects yet to be seen.
Unlike predictable shocks (e.g., pandemics), Trump's trade war is indefinite and unpredictable, damaging global confidence.
Tariffs risk atrophying the logistics system, leading to job losses and economic slowdowns.
The trucking industry is slowing due to reduced cargo, impacting businesses and inventory.
Financial markets may not yet fully reflect the economic damage from Trump's tariff war.

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