Stock futures rise after ‘substantial progress’ is made in US-China trade negotiations | CNN Business

Goldman Sachs analysts said Thursday that a key measure of inflation would effectively double to 4% by the end of the year because of the sweeping tariffs. But the ripple effects have yet to be seen, as ships pulling into US harbors from China now are the first to be subject to the massive tariffs. The drop-off in imports from China on the boats now coming into port is more than 50%, Gene Seroka, executive director of the Port of Los Angeles, previously told CNN.

Author: Auzinea Bacon

---