With tariffs hitting Asia, L.A.'s ports and manufacturers could be in for bumpy ride [Los Angeles Times (CA)]
S&P Global Inc. (SPGI)
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Source: Los Angeles Times
and exports, placing it at ground zero of President Trump's trade war with the rest of the world. With Trump's across-the-board 10% tariffs worldwide and higher “reciprocal” tariffs imposed on a number of Asian trading partners, economists say it's likely that one of the key drivers of the Los Angeles-area economy — trade — will be hit hard. “The single most important part of the economy, in terms of employment, in terms of economic activity in the L.A. area, is logistics, basically the imports, exports, shipment of goods, and one of the second is manufacturing,” said economist Kevin Klowden of the Milken Institute in Santa Monica. “These tariffs are very, very important because they have a material effect on supply chains and everything else.” The
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