Port of Los Angeles – One America News Network

A woman works at a texile factory in Siyang County of Suqian municipality in east China's Jiangsu province on December 24, 2024. China will raise its deficit in order to boost spending next year, its finance minister said on December 24 according to state media, as Beijing looks to prop up its struggling economy. (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

Chinese Exports Into U.S. Drop Dramatically

Imports of Chinese goods into the United States have declined sharply due to President Trump’s tariffs, prompting concerns among analysts about potential supply shortages for certain products.

Dockworkers picket after a shipping port strike went into effect across the East Coast at the Packer Avenue Marine Terminal, Philadelphia, Pennsylvania, U.S., October 1, 2024. REUTERS/Matthew Hatcher/File Photo

US shippers avoid East Coast ports on risk of second strike

U.S. shippers are steering clear of East and Gulf Coast ports amid worries the dockworkers at those trade hubs will go on strike if their union leader does not land a new contract with employers.

California Governor Gavin Newsom speaks as US President Joe Biden visits the state at Sacramento Mather Airport in Mather, California on September 13, 2021. - US President Joe Biden kicked off a visit to scorched western states Monday to hammer home his case on climate change and big public investments, as well as to campaign in California's recall election. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

Oil Company Phillips 66 Announces Refinery Closure Following Newsom Regulations

Phillips 66, an American multinational energy company, announced on Wednesday that it plans to shut down one of their oil refineries in the Los Angeles area by 2025, citing concerns with specific regulations California Governor Gavin Newsom recently signed into law.