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Trade War Forces Cargo Rates Down, Jobs at Risk

4/25/2025

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Summary

Story summary

The trade war ignited by President Trump is taking a toll on cargo shipments from China, driving freight rates down. Container rates from Shanghai to Los Angeles dipped 2% to $2,617, while the Port of Los Angeles braces for a staggering 10% decline in cargo this year, threatening local jobs and livelihoods.

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Story summary

The trade war ignited by President Trump is taking a toll on cargo shipments from China, driving freight rates down. Container rates from Shanghai to Los Angeles dipped 2% to $2,617, while the Port of Los Angeles braces for a staggering 10% decline in cargo this year, threatening local jobs and livelihoods.