Ports of LA, Long Beach, could see cargo dip with new tariffs

A potential trade war escalated on Friday, April 4, as the Port of Los Angeles braced for what could be a 10% drop in cargo by midyear. California Gov. Gavin Newsom, meanwhile, floated establishing separate “new strategic trade relationships” between the state and key U.S. trading partners using the state’s ports in an effort to avoid the rising costs.
President Donald Trump on Wednesday announced a 34% levy on goods from China on top of an earlier 20% tariff, as well as a 20%