US Ports Expecting China Import Volume Plunge

US Ports Expecting China Import Volume Plunge
The U.S. flag flies over Chinese shipping containers that were unloaded at the Port of Long Beach, in Los Angeles County, U.S. on Sept. 29, 2018. Mark Ralston/AFP/Getty Images
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News Analysis

U.S. ports led by the Port of Los Angeles, America’s busiest gateway for ocean trade with China, are expecting double-digit plunges for import traffic over the next few months. China’s ability to subsidize tariff cost for its companies may have come to an end due to a slowing economy and the Sino-U.S. trade.