President-elect Donald Trump has proposed widespread tariffs that some believe could ignite inflation and trigger a trade war. In response, Chinese President Xi Jinping warned that such a conflict would result in “no winners.” Port of Los Angeles Executive Director Gene Seroka joins Catalysts to provide insights into the potential trade implications. He highlights the current market dynamics, noting unusual cargo patterns characterized by significant surges followed by steep declines. “We know there’s a long way from the campaign trail to the implementation of public policy,” Seroka explains. “What we need now is a clear line of sight as to where and when this policy may take shape.” “In anticipation of something happening, they are pulling inventory forward. This is real,” he tells Yahoo Finance. Seroka also points to additional complexities affecting global trade, including geopolitical tensions in the Red Sea, port labor strikes, and drought conditions in the Panama Canal, which continue to challenge retail supply chains.
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