Demand slump fuelled by Trump tariffs hits US ports and air freight

News Snapshot:

The HMM Aquamarine container ship docked at the Port of Los Angeles in Los Angeles, California. Photographer: Eric Thayer/Bloomberg Donald Trump’s trade war with Beijing is starting to affect the wider US economy as container port operators and air freight managers report sharp declines in goods transported from China. Logistics groups said container bookings to the US have fallen sharply since the introduction of 145 per cent tariffs on Chinese imports to the US. The Port of Los Angeles, the main route of entry for goods from China, expects scheduled arrivals in the week starting May 4th to be a...