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Port of Los Angeles says shipping volume will plummet 35% next week

cnbc.com

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Re: Port of Los Angeles says shipping volume will plummet 35% next week

#461

Post by sleepybrett »

georgehm wrote: post #443
fnordpiglet wrote: post #341

Earlier quoted context omitted.

It’s even farmers and growers - https://youtu.be/aCI9xlMrb1w Seeds sourced from China - which a lot are - have skyrocketed in price.

Maybe I am being foolishly optimistic, the section in the video (~ 4:50) where it is mentioned that some giant seed corporation is staying the course betting that this thing will blow over in a quarter or so actually gives me some hope ?

... what hope exactly.

The republicans in congress are so lost in the sauce that they won't challenge the great orange hope in the quarter. The soonest I think we can see anyone fighting back, politically, won't happen until the midterms AT BEST.

This is assuming that the republicans/trump don't come up with some issue that they can swing the midterms on and/or don't gut the electoral system to the point that they can't lose.

And even then I'm not sure that congress can actually do anything to fix this issue while trump is still in the white house and impeachment and removal seems unachievable. Say congress reverses it's delegation of tarrif power to the president. What happens if trump just does not obey congress, much like they are not obeying the supreme court. Do the republicans in congress have enough of a spine to actually remove him? How do we assure that removal actually takes place in the event that we can even meet the threshold? The man still, ostensibly, still has control of the military. Perhaps the military, secret service, any other guys with guns just refuses to help him resist congress like they did when he tried to deploy the military after jan 6th.. but they seem to have already cleaned house at the pentagon, with hagseth getting rid of more people who aren't sufficiently loyal enough to do crimes and/or coup the fucking government for trump.

shit is getting scary.

Re: Port of Los Angeles says shipping volume will plummet 35% next week

#462

Post by mk89 »

FredPret wrote: post #192
rayiner wrote: post #99

Stopping the flow of Chinese products, often made with child or forced labor, is a good thing: https://www.dol.gov/agencies/ilab/reports/child-labor/list-o... . Weren’t we upset about the Uyghurs five minutes ago? Trade with China is bad. It means a race to the bottom with a foreign country that doesn’t have our labor protections or environmental laws, and whose “comparative advantage” is cheaper labor. This was a wi…

China is not only cheaper but in many cases better at manufacturing. I sometimes deal with a Canadian vs a Chinese supplier for a component of a consumer product, and the difference in customer service, quality, and speed is stark. AND it’s cheaper. The only issue from a logistics point of view is that China is far and shipping is slow.

Is Canadian quality bad? As a European I don't have much experience with stuff made in Canada, I think. At least I can't think of any...

Re: Port of Los Angeles says shipping volume will plummet 35% next week

#463

Post by flustercan »

djha-skin wrote: post #451

Unpopular opinion: this isn't that big of a deal for most people. Gdp, consumer index scores, all that stuff is a measure of how much poor people are willing to spend and how hard they're working. What really matters is, can these people buy a house? Can they buy eggs? I don't know how many of them will be all that caught up that they can't buy some disposable flip-flops on Temu anymore. We need to focus more on how…

People care immensely about having a job. If tariffs mean that businesses don't hire as much or do layoffs then this is a big deal for most people. The unemployment rate doesn't even need to go up that much to have a huge effect on people's general feeling about the economy.

Re: Port of Los Angeles says shipping volume will plummet 35% next week

#464

Post by renjimen »

djha-skin wrote: post #451

Unpopular opinion: this isn't that big of a deal for most people. Gdp, consumer index scores, all that stuff is a measure of how much poor people are willing to spend and how hard they're working. What really matters is, can these people buy a house? Can they buy eggs? I don't know how many of them will be all that caught up that they can't buy some disposable flip-flops on Temu anymore. We need to focus more on how…

A decent share of US food [1] and construction materials [2] are imported. So yes, this is going to impact everyone.

[1] https://www.traceone.com/resources/plm-compliance-blog/foods...

[2] https://www.nahb.org/advocacy/top-priorities/building-materi...

Re: Port of Los Angeles says shipping volume will plummet 35% next week

#465

Post by jrflowers »

djha-skin wrote: post #451

Unpopular opinion: this isn't that big of a deal for most people. Gdp, consumer index scores, all that stuff is a measure of how much poor people are willing to spend and how hard they're working. What really matters is, can these people buy a house? Can they buy eggs? I don't know how many of them will be all that caught up that they can't buy some disposable flip-flops on Temu anymore. We need to focus more on how…

[flagged]

Re: Port of Los Angeles says shipping volume will plummet 35% next week

#466

Post by rayiner »

School-Cotton wrote: post #205
rayiner wrote: post #120

Earlier quoted context omitted.

[flagged]

This is disingenuous even by your usual standards. “cheap Chinese crap for Christmas” was just one example of things that tariffs will make it harder to get, by no means the only one. It’s not the 90s anymore. Lots of Chinese goods are neither cheap nor crap, nor producible elsewhere.

I’m specifically responding to a post that links an article about christmas toy shortages. I know China makes some incredible technology. But it also makes a lot of cheap crap nobody needs. Can we at least agree on banning that?

Re: Port of Los Angeles says shipping volume will plummet 35% next week

#467

Post by Zamaamiro »

robomartin wrote: post #269
jillesvangurp wrote: post #162

Earlier quoted context omitted.

Empty shelves are just one of the symptoms. The real pain will come from companies having to deal with increased taxes (that's what tariffs are) for Chinese components, decreased exports (counter tariffs, anti US sentiments), etc. and then their follow up to that would be using tools like layoffs, price increases, etc. Some of those companies might have to close doors and go bankrupt. If that happens a lot you get th…

I am very much on the fence on this one. I can tell you, without a shadow of a doubt, based on having been in manufacturing across various industries for over thirty years, that the US and Europe have been on a path to loose nearly all manufacturing capacity within ten years, maybe twenty at best. How do we compare the pain (and yes, some destruction) that we have to endure today against the devastation that is clear…

Kevin O'Leary is not a credentialed economist.

Re: Port of Los Angeles says shipping volume will plummet 35% next week

#468

Post by dowager_dan99 »

djha-skin wrote: post #451

Unpopular opinion: this isn't that big of a deal for most people. Gdp, consumer index scores, all that stuff is a measure of how much poor people are willing to spend and how hard they're working. What really matters is, can these people buy a house? Can they buy eggs? I don't know how many of them will be all that caught up that they can't buy some disposable flip-flops on Temu anymore. We need to focus more on how…

the people this impacts aren't buying eggs let alone houses. You and I are addicted to cheap flip flops; many poor people require cheap goods - including household and food - to survive.

Re: Port of Los Angeles says shipping volume will plummet 35% next week

#469

Post by djha-skin »

Zamaamiro wrote: post #459
djha-skin wrote: post #451

Unpopular opinion: this isn't that big of a deal for most people. Gdp, consumer index scores, all that stuff is a measure of how much poor people are willing to spend and how hard they're working. What really matters is, can these people buy a house? Can they buy eggs? I don't know how many of them will be all that caught up that they can't buy some disposable flip-flops on Temu anymore. We need to focus more on how…

It's an unpopular opinion because it's wrong. No single aspect of the economy exists in a vacuum. Tariffs and lower shipping volumes portend thousands of small businesses potentially going under, translating to many more thousands of people losing their jobs and incomes. This has many unforeseen knock-on effects in declining economic activity.

Are we really subscribing to Reaganistic trickle-down economic theory now? How sure are we that those imports aren't mostly just lining the pockets of the rich?

We're measuring the wrong things. We need to measure cost of living instead of how empty or full a Port is. We don't know if these two things are correlated yet.

Re: Port of Los Angeles says shipping volume will plummet 35% next week

#470

Post by dowager_dan99 »

taylodl wrote: post #8
duxup wrote: post #6

Earlier quoted context omitted.

I'll be sad, but amused, when Trump and Co declare that each state should build factories to fill their needs for basic products ... similar to proposals made during the economic collapse days in Venezuela.

The United States has never had such incompetence in governance. Americans aren't accustomed to this degree of ineptness.

His most die-hard supporters will hang on to the bitter end - and they're the least capable of doing so. I've gone from mocking them => feeling sorry for them => fear them - these people are definitely not harmless.

these are sad/scary times.

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