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The 90-day break in the tariffs of President Trump may end in early next month. In the ports of Southern California, it means even more economic uncertainty for trucks.
President Donald Trump’s 90-day break tariffs May end in the beginning of this month. In the ports of Southern California, it means even more economic uncertainty for trucks.
Long Beach and Los Angeles ports enter the peak season. Cargo ships from abroad are generally full of items like school-school supply and holiday gifts.
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Trucks say that there are a little fit in the containers from abroad recently. (Sunny Tsai / Foxbusiness)
Both port, new tariffs say that they see a little fit in the leading containers in advance. But, some Truck companies Fox spoke, this is concerned about the long-term impact of this trade policy can be in the industry.
“They did not go to send, let’s say a quarter full ship to bring here. Thus, no one says that no one is shopping,” he said, “said California Trucking Association President Robert Loya.
Los Angeles and Long Beach ports are the two of the country’s busiest. However, for those instructed to buy goods to trucks for trucks, the work says it falls down for a while.
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“This is especially in the last two and a half years, as the market decreases, which was in this cargo recession and we are in recession,” he said.
Long Beach and Los Angeles ports enter the peak season. (Sunny Tsai / Foxbusiness)
Loya added that now, on other things, trade tensions continue its industry.
“Imagine you lost 80% of your income. It is very difficult for them to live properly?
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And experts say trucks will continue to feel the pain over time.
“Companies end to invest less in the workforce, it reduces productivity for a long time.
Trucks are cautiously optimistic that this current increase will hold September. (Sunny Tsai / Foxbusiness)
CEO of Harbor Trucking Association Matt Schrap, the trucks can make a leap back, but also a constant clarity in trade policy.
“We will see more trucks out of work, without looking at the volume of volume. Thus, we need confidence in investing in our companies and investigate our companies.
He added that trucks are careful optimistic that this current increase will hold September. However, he said that it depends on the tariffs more than what happened after a 90-day break.
