Port analyst predicts ‘precipitous decline’ in cargo volume due to China tariffs

While cargo volumes at U.S. ports rose slightly in April, May data will show a “precipitous decline” due to steep new tariffs on China, a shipping analyst warns, forecasting it could take months for the U.S. and China to rebuild logistics infrastructure if the two were to work out a trade deal that lowers duties. Jackson Wood, director of industry strategy and global trade intelligence at Descartes, told Inside U.S. Trade that it will take months for the U.S...