The port of Los Angeles will suffer “permanent” volume losses from the trade war with China, says its executive director, Gene Seroka.
The ex-APL shipping veteran slammed the tariffs on Chinese imports and warned that the western hemisphere’s largest container port would need to reinvent itself.
“We’ve had two bad shocks to the supply chain,” Mr Seroka said during a MarineTraffic webinar on Tuesday.
“The first, the ill-advised tariff policies of our administration …
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Source: The Loadstar