The first wave of the trade downturn is already affecting the U.S. West Coast, with the Port of Los Angeles experiencing a sharp decline in containerized imports from Asia, following months of elevated frontloading by U.S. importers.

Last month, Chinese manufacturers shut down production lines, and exporters suspended shipments to the U.S. in response to President Trump’s 145% tariff trade wall. The one-month delay in the U.S. economic impact reflects the time it takes cargo ships to sail China-US West Coast shipping lanes.

For those tracking trade developments in recent weeks, this freight downturn was entirely predictable:

https://www.zerohedge.com/markets/apollo-torsten-sloks-shocking-trade-impact-timeline-begins