LA Port chief says Trump’s tariffs could spur higher prices, job losses
Get ready for a slowdown in world trade, a “pause” in business investment, job losses, and higher prices with inflation.
That was the message this week from Port of Los Angeles Gene Seroka as a new week began on Monday, April 7, with tariffs wreaking havoc on the stock market for the third straight day.
The Dow Jones Industrial Average fell 349 points, or 0.9%, the Nasdaq composite edged up by 0.1% and the S&P 500 slipped 0.2% on Monday, as beleaguered investors tried to figure o