Trade & Tariffs Impact - President Trump signaling potential new levies on Canada, India, and Mexico [1] - Uncertainty around tariffs has caused a "rollercoaster" year for trade, with importers initially slowing down and then surging when policies softened [2][3] - Retaliatory tariffs have negatively impacted US exports, as other countries make deals with normal trading partners [3] - The Supreme Court ruling on tariffs is a major factor in determining future stability and potential refunds [6] Shifting Trade Dynamics - China's share of imports to the Port of Los Angeles has decreased from 60% in 2018 to 40% currently, but overall volume has grown due to increased trade from Southeast Asia [4] - China is shifting from exporting products to exporting manufacturing expertise, investing in factories and supply chains in Southeast Asia [5] - China's exports to the rest of the world are up by double digits, indicating they are finding new customers in Europe, Africa, and Asia [17] - US exports are depressed due to tariffs, with other countries like Argentina and Brazil stepping in for soybeans, and Australia for almonds [18] Small Business Concerns - Small to midsize businesses (SMBs), representing over half of the 125,000 importers at the Port of Los Angeles, struggle to pass on increased tariff costs [9] - Removing the de minimis exemption has caused prices to skyrocket for small businesses importing small parcels from Asia, particularly China [12] - Toy importers face a squeeze on margins due to elevated tariffs, potentially impacting their ability to make payroll [14] Port of Los Angeles Performance - The Port of Los Angeles experienced its third-best performance on the container side in its history [3] - Anticipating approximately 800,000 container units for December, slightly off compared to elevated 2024 levels [15][16]

Let's talk more about this now with Congressman Tracy Man. He's a Republican from Kansas, a member of the House Agriculture Committee and also hails from a family of farmers. So, he is uh uniquely suited to talk about this conversation here today.Uh Congressman, talk to me right now about what farmers in Kansas, maybe even some of your family members are telling you right now about the state of their finances. Is it difficult. >> Yeah, absolutely.You know, it's tough times on the family farm. My dad is sitt ...

JUST IN: 🇺🇸🇨🇳 President Trump says he believes China will increase trade with US, following call with Chinese President Xi Jinping. https://t.co/lGJWodFa5d ...

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Talks this week between Russia and India’s leaders will focus on deepening trade and defence ties. RT, a Kremlin-funded propaganda outlet, advertises itself in India as “A new voice from an old friend” https://t.co/BaWNYe9N4c ...

Russian President Vladimir Putin was in India for the first time this week since the start of the war in Ukraine. For both Putin and Indian Prime Minister Narendra Modi, this visit shores up what's a longstanding partnership between these two countries in the face of intense pressure from US President Donald Trump. Both leaders sought to showcase a deepening economic partnership between their respective countries.Each side is pledging to bolster trade with India looking to Russia to buy more goods to offset ...

As China looks externally, what do they see as their opportunity market. >> Well, I think mostly the developed world. Obviously, their EVs are huge in Europe.The Europeans are trying to clamp down on it. But if you look at new car registrations in Europe, BYD is registering as many cars there as everybody else all put together because of the price. And it raises an interesting question for us, which is that, you know, I believe in the auto industry here, as you know, but we're effectively denying our consum ...

Bitcoin long loadingAfter seeing the CZ vs Peter Schiff debate, the Intern is back, bullish on bitcoin & ready for trade No.5I’m touching grass this weekend so we check back on monday https://t.co/P6GR8WG9KTTrust Wallet (@TrustWallet):10 trades. $1 each. One (hopefully) genius-level Trust Wallet intern.I’m kicking off the Intern's $10 Perps Challenge.Each day the community helps me pick the tradeIf it wins: I am a genius.If it loses: it must’ve been your pick, not mine. https://t.co/hKUaXg2W2Z ...

Claudia Sheinbaum’s ability to steer Mexico through Trump’s trade chaos turned her into an international phenomenon. But one year into her presidency, she’s finding it harder to navigate political difficulties at home. https://t.co/H2RYxNNcM1 ...