Markets

According to the La harbor executive director, retailers will soon have only about 7 weeks of complete stocks left in the middle of the US-China Trade War



  • The deposition of the US-China Trade War has begun. The Port of Los Angeles assumes cargo traffic until the tariff transaction is reached, but the Trump administration has not noted whether the negotiations are taking place. Time runs out, said JPMorgan's chief strategist.

The US-China Trade War has begun, so say goodbye to the goods. The Port of Los Angeles requires next week to fall in imports compared to a year ago, totaling more than a third of the typical incoming cargo traffic.

“This is a precipitation volume where many major retailers stop all Chinese shipments based on tariffs,” Gene Seroka, La Harbor Executive Director said CNBC Tuesday morning.

When President Donald Trump published a pause over his extensive tariff regime and made it 10% to other countries, he taxed more China. He put a 145% tariff for China, which charged a 120% duty for American goods. The trade transaction has not been concluded and it is unclear whether there is negotiations. Scott Besent, Secretary of Treasury, has committed China to come to the table and tinned the transaction. However, just under half of the port of the harbor, is from China, explained Seroka. So until that time, things could be gloomy.

“What we see next is for retailers for about five to seven weeks of full stock and then the choices are reduced,” Seroka told CNBC. This does not mean that the shelves are empty, but in the hypothetical part of the seroka, this may mean that if you buy a blue shirt, you may see 11 purple, but only one blue that is not your size and is more expensive.

“Nobody wins,” he said. “China is an American factory.” He later said, “The pain is on both sides of the Pacific.”

Bessent is repeatedly called Chinese tariffs are sustainable because the state sells much more to the US than the other way around. He seems to want China to escalate due to exceptions to its tariffs, but he has still threatened the escalation ladder if it is not. However, the Trump administration according to LPL Financial signhas received a softer tone in China. Less than a week ago the president floating The notion that Chinese goods tariffs are significantly reduced.

“We see what that means, but the reconciliation tone was enough to recover the market to add fuel,” says LPL. So far, the three main indexes are relatively flat in the early morning trading.

Previously on Tuesday in Gabriela Santos, JPMorgan Property Manager Strategist America, notice CNBC: “Time has run out to see a decrease in Chinese tariffs.” Everyone knows that tariffs are not sustainable, he said, but the markets have to see that they actually fall.

“We are not talking about higher prices and companies that come up with it,” Santos said. “We are talking about the actual disorders of the supply chain.”

This story was originally reflected on Fortune.com

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