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Top US port hit by 7th straight month of export declines amid trade war


LOS ANGELES — America’s top two busiest container ports, the Los Angeles and Long Beach, on Tuesday reported declines in export volumes in May amid an ongoing trade war with China. For LA, it marks the port’s 7th straight month of declines in exports.

The Port of Long Beach meanwhile registered a 19.5% decline in imports in May, which economists suggested may reflect big-box retailer concerns about inventory levels.

“The best we can say right now is that importers…

Source cnbc.com

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