Apr 30, 2025
It would be difficult to overstate the seriousness of the crisis that we are facing. Just about every single industry in the United States is extremely dependent on imports from China, and now trade with China is essentially coming to a standstill. I wish that I was exaggerating, but I am not. According to the World Trade Organization, trade between the United States and China could decline by as much as 80 percent…
Unless something changes, this is going to be the biggest shock to our economy in decades. At the moment, our stores are filled with products that are manufactured in factories in China. But now many of those factories have become eerily quiet…
“I know several factories that have told half of their employees to go home for a few weeks and stopped most of their production,” said Cameron Johnson, Shanghai-based senior partner at consulting firm Tidalwave Solutions. He said factories making toys, sporting goods and low-cost dollar store-type goods are the most affected right now.
“While not large-scale yet, it is happening in the key [export] hubs of Yiwu and Dongguan and there is concern that it will grow,” Johnson said. “There is a hope that tariffs will be lowered so orders can resume, but in the meantime companies are furloughing employees and idling some production.”
We are also witnessing an unprecedented decline in cargo shipments from China to the United States.
Port of Los Angeles Executive Director Gene Seroka is telling us that “essentially all shipments out of China for major retailers and manufacturers have ceased”… READ MORE
Stay Awake. Keep Watch.
SOURCE: The Most Important News