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News in English (USA) / 25.04.2025 / 19:00

Shipping Crisis Deepens Due to Trump Trade War

The ongoing trade war initiated by Trump has led to a dramatic increase in shipping cancellations and significant declines in trade volumes between the U.S. and China. Recent reports indicate that container bookings to the U.S. from China have dropped by one-third, resulting in empty store shelves and looming product shortages. Major ports, including Los Angeles and Oakland, are bracing for a traffic plunge of up to 40% as tariffs continue to exacerbate the situation. Analysts predict that shipping demand will decline, causing a ripple effect across the economy, especially impacting businesses reliant on imports from China such as Amazon and FedEx. Industry leaders warn of a supply chain crisis, with shipping rates stabilizing amidst rising tariff concerns yet leading to a potentially severe economic depression if the situation does not improve.
"Investors Business Daily", NBC News, The Seattle Times, Fortune, "Barrons", Los Angeles Times, CBS News, FreightWaves, CNBC, WSJ