Gene Seroka: U.S.-China Trade Shift Pushes Importers Toward Vietnam, Indonesia, and Malaysia as China Share Drops

RUSH EXCERPT:

SEROKA: “This is another interesting point back in 2018, when the tariffs first went into place, 60% of our business at the port of Los Angeles was with China. Today it‘s 40% and dropping American importers are looking to other countries with either lower tariffs or less friction politically, like vietnam Indonesia, malaysia. Yet they‘re pricing right to the edge of what China costs plus tariffs. So you‘re not getting much of a discount. And the China folks”