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Zero ships from China are bound for California’s top ports. Officials haven’t seen that since the pandemic (edition.cnn.com)

submitted 3 weeks ago by death@infosec.pub to c/economics@lemmy.world

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[–] satanmat@lemmy.world 15 points 3 weeks ago

Anyone who is paying attention has already started....

Fortunately, most day to day needs are not shipped from china; TP and foodstuffs. But the darkest part of this is the knock on effects-- tech; hard drives, phones and devices; toys and consumer goods

If they are not being shipped, they don't need longshoremen to unload-- they don't need truckers to get them to distribution centers- they don't need people to work in the stores. And when all those people lose hours or jobs; they can't spend money at other stores or restaurants....

The USA is a goods and services economy and when you gut goods; no one can afford any services.

We rely on trade and the President has such a bass awkward understanding of economics and is so dogmatic in his refusal to listen

Yeah we're fucked.

Anyone in Norway want to adopt me?