On November 20, the Port of Los Angeles announced its October throughput, which reached an unprecedented 905,026 TEUs, a sharp increase of 25% over the same period last year, and the first time that the port’s throughput exceeded 900,000 TEUs for four consecutive months
02 Trump tariffs causing market panic?
“There could be a real front-loading of preparation before the tariffs are implemented.” Joe Lupton, senior global economist at JPMorgan Chase, said in a podcast, “As companies try to get ahead of the curve, as we get into the first quarter, you may actually see a small increase in global manufacturing, Chinese manufacturing.”
03 China responds to Trump’s claim of 60% tariffs on China
On the morning of Nov. 22, the State Council Information Office held a regular briefing on State Council policies, inviting Wang Shouwen, representative for international trade negotiations and vice minister of the Ministry of Commerce, as well as officials in charge of the relevant departments of the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the People’s Bank of China, and the General Administration of Customs to introduce the relevant policies and measures to promote the stable growth of foreign trade and to answer reporters’ questions.
