Gene Sirocco
Appearances
Planet Money
The 145% tariff already did its damage
So half, half of the business. Half of the business.
Planet Money
The 145% tariff already did its damage
Today, there are nine cranes and their booms are all up. There's not a ship at the Evergreen facility today.
Planet Money
The 145% tariff already did its damage
This is a huge void. So if there's anything that's emblematic of where we stand right now with international trade, it's the fact that there are no container ships at one of our most famous terminals, Evergreen Marine.
Planet Money
The 145% tariff already did its damage
On average, it takes about four days to get one of these large workhorse vessels unloaded and reloaded with exports before it heads back to Asia.
Planet Money
The 145% tariff already did its damage
That is the biggest drop-off save March of 2020 as the country went to lockdown during COVID. Even more so than the Great Recession back in 2008 and 2009.
Planet Money
The 145% tariff already did its damage
Every four containers that come into the Port of Los Angeles create one job.
Planet Money
The 145% tariff already did its damage
We've been out there hustling, finding where the cargo is. So whether it's cargo that is now being sourced out of Vietnam, Indonesia, Malaysia, Thailand, my job is to get that cargo here because every four containers create one job. Or at least keep one job. Conversely, let's maintain so we keep those jobs.
Planet Money
The 145% tariff already did its damage
30% tells me that the importers are going to go look for alternative ways to source their products.
Planet Money
The 145% tariff already did its damage
It'll take the shipping lines a couple of weeks to line the vessels back up at major ports from Qingdao to Shanghai. It'll take another two weeks to steam across L.A. and then a couple of weeks after that to get all that cargo into the U.S. distribution network.
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We're not going to put longshoremen and women out of work, but they'll probably get less hours because fewer containers are coming in. The truck drivers may not haul as many boxes every day as they do right now. Global trade will slow, prices will increase, and it will impact jobs across America.