'Layoffs' and 'reduction of hours': LA port chief expects '35 percent' drop in shipping volume
Economists and businessowners are warning that President Donald Trump's steep new tariffs could not only lead to inflation, a recession, lower GDP, and a weakening of the U.S. dollar — they could also disrupt supply chains, causing empty shelves on retail shelves.
According to MSNBC's Ana Cabrera, the Port of Los Angeles in San Pedro, California expects shipping volume to drop by as much as 35 percent in May.
Highlights MSNBC 4/29