L.A. port head says lower cargo volume could impact holiday season
CBS America · Recent
CBS America
Recent
President Trump is escalating his global trade war, threatening new tariffs on several countries starting Aug. 1, unless deals are struck. With back-to-school and holiday shopping nearing, the move could hit store shelves hard. Jo Ling Kent reports.
BreakdownGenerated by LeadStory AI
- President Trump has threatened new tariffs on several countries unless trade deals are reached.
- Cargo volume at the Port of Los Angeles is down 10 to 15%, with fewer ships arriving. 46s
- Lower cargo volume may lead to reduced inventory, fewer choices, and higher prices for holiday shoppers. 1m 14s
- Average American households are expected to lose $2,300 in income this year due to rising prices. 1m 36s
- U.S. exporters are losing business as trading partners turn to other countries for goods. 1m 44s