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Busiest US seaport takes hit from 145% China tariffs, worries remain

Bull Bear Daily June 13, 2025

Dow Drops 540 Points, Oil Soars

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The Crypto That’s Making Banks Obsolete [adv]

Busiest US seaport takes hit from 145% China tariffs, worries remain
LOS ANGELES (Reuters) -Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May and could remain muted through the remainder of 2025, after companies responded to President Donald Trump’s 145% tariffs on China by canceling or putting holds on shipments, according to port officials. Ch …. Read More >>

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Ford struggles with supply of rare earth magnets, CEO tells Bloomberg News
China, which controls more than 90% of global rare earth processing capacity, imposed new export licensing rules in April, tightening supply to Western manufacturers of everything from cars and fighter jets to household appliances.Automakers, especially those focused on EVs, are among the largest industrial c …. Read More >>

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US consumer sentiment improves; tariff anxiety lingers
WASHINGTON (Reuters) -U.S. consumer sentiment improved for the first time in six months in June as trade tensions between the U.S. and China eased, but households worried about the economy’s trajectory.The rise in sentiment reported by the University of Michigan’s Surveys of Consumers on Friday was, however, …. Read More >>

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