The Latest Breaking News from Gene Seroka

President Donald Trump's trade war policies will likely mean lower retail inventories, the Port of Los Angeles says. A 90-day pause doesn't offer much time.

The president has repeatedly claimed the U.S. has a $1 trillion trade deficit with China, though economists argue a trade deficit isn’t inherently negative.

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next

“Nobody wins,” Gene Seroka said. “China is America’s factory.”

Chinese-based news organizations are reporting major U.S. retailers have instructed suppliers to restart shipments.

President Trump's trade war is expected to bring about a 35% decline in cargo arriving at the Port of Los Angeles by next week.

The Port of Los Angeles, the largest port in the U.S., predicts a 35% drop in shipments, nearly all from China, in a matter of weeks.

From the peaceful vantage point of Angels Gate Park, high above San Pedro Bay in San Pedro, California, a huge floating traffic jam of cargo ships was clearly visible when it reached its peak of 109 vessels in January, stranding toys, clothing, semiconductors, cars and a long list of items…

President Joe Biden is set to speak at America’s busiest port without having vanquished high inflation