The logistics of Christmas morning are immensely complex and immensely important to California, which for decades has been the primary portal for the goods that Asia exports in huge quantities to America.
That’s especially true in Southern California, whose twin ports of Los Angeles and Long Beach have become vital economic powerhouses since the virtual collapse of the region’s aerospace industry in the 1990s.
California’s export trade dipped in October, according to a Beacon Economics’ analysis of U.S. trade statistics by the U.S. Census Bureau.
Foreign shipments by California businesses totaled $14.82 billion for the month, a nominal 2.6 percent decline from the $15.21 billion recorded in October 2016.
The state’s exports of manufactured goods fell 4.6 percent to $8.87 billion from $9.30 billion one year earlier. Exports of non-manufactured goods (chiefly agricultural products and raw materials) ebbed slightly by 0.4 percent to $2.31 billion from $2.32 billion. Re-exports, meanwhile, rose by 1.7 percent to $3.65 billion from $3.59 billion.
Port officials said the plan seeks to accelerate pollution reductions while remaining sensitive to the economic effects of transforming the complex, which handles about 40% of U.S. imports and support hundreds of thousands of jobs across Southern California. Though the volume of shipments moving through the L.A.-Long Beach ports has tripled since the mid-1990s, they face increasing competition from East and Gulf Coast ports, which have less stringent environmental mandates.
By adopting the plan, the ports are expecting businesses and taxpayers to foot the bill. They are also sending a signal to manufacturers that there will be demand for cleaner trucks and freight-moving equipment, and, eventually, models with no tailpipe emissions.
How important was international trade for each US state’s economy in 2016? The map and table above help to answer that question. The table above shows GDP for each US state (data here) in 2016, the total trade volume (exports + imports, data here for merchandise trade only, data on trade in services aren’t available by state) last year, and the volume of international trade activities as a share of each state’s GDP, ranked from highest to lowest. Ignoring the District of Columbia, the average trade share for US states in 2015 was 16.7%, and ranged from a low of 4.7% for South Dakota to a high of nearly 39.0% for Michigan. The trade shares by state are also displayed graphically in the map above — the greater the share of state trade activities (exports + imports) in relation to state GDP, the darker the shade of blue.
Batteries have emerged as a critical front in China’s campaign to be the global leader in electric vehicles, but foreign auto makers and experts say it is rigging the market to favor domestic suppliers.
Tianjin Lishen Battery Co. here in eastern China recently agreed to sell its battery packs to Kia Motors for the EVs the South Korean company makes in China and is now in talks to supply General Motors , Mercedes-Benz and Volkswagen , a supervisor for the Chinese company said.
But that is largely because Tianjin Lishen has little foreign competition.
Foreign batteries aren’t banned in China, but auto makers must use ones from a government-approved list to qualify for generous EV subsidies. The Ministry of Industry and Information Technology’s list includes 57 manufacturers, all of them Chinese.