Port of Virginia in better shape than others to handle impacts of tariffs

Port of Virginia in better shape than others to handle impacts of tariffs

VIRGINIA BEACH, Va. (WAVY) -- The Port of Virginia will feel the effects of the ongoing trade policy changes, but likely not to the same extent of others, according to the port's executive director. In front of packed room at the Marriott Virginia Beach Oceanfront Resort, Stephen Edwards, who is also the Port of Virginia's CEO, addressed what he called the "ultra-large container ship in the room: uncertainty." While the first five months of 2025…

New report sheds more light on how tariffs could impact Utah — but uncertainty still abounds • Utah News Dispatch

Traffic moves along I-15 near neighborhoods in North Salt Lake on Wednesday, January 3, 2024. (Photo by Spenser Heaps for Utah News Dispatch)A new report released Thursday details the latest numbers illustrating the significant impact international trade had on Utah’s economy in 2024 — and also lays out the possible ramifications of President Donald Trump’s trade wars. In short, there’s plenty to be uncertain about — and uncertainty itself can c…

Tariffs bring uncertainty to area businesses

When the Trump administration started to place tariffs on goods from China in February, Roger Parkinson of Carstens — a wholesaler of home décor based in Burlington that receives 90% of its products from China — was able to handle…

Empty shelves, for-lease signs and job layoffs may be indicator of major economic storm by summer

(OPINION) Container ships from Asia take 30–50 days to reach U.S. West Coast ports, but current demand for container space from China is 60–65% below normal. Without faster shipping or a reversal of President Trump’s China tariffs, the consumer retail sector—70% of U.S. GDP—faces significant damage. Retail shelves at stores like Walmart and Target are […]

Yes, Shelves Will Be Empty

Forget Christmas—remember how many medical supplies come from China?

U.S. Tariffs Create Uncertainty for Ship Leasing and Finance

As the U.S. considers a new wave of tariffs targeting Chinese-linked goods and services, Leigh Hansson, Global Regulatory Enforcement Partner at law...