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Odd Lots

Lots More on What America's Busiest Port is Seeing from the Trade Tariffs

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.41.6K Ratings

🗓️ 6 June 2025

⏱️ 18 minutes

🧾️ Download transcript

Summary

We're about two months on from Liberation Day, and there's still a lot of confusion about what's going on with global trade. Some countries, like China, have been granted delays from tariffs. But other trade restrictions, like the 50% tariff on foreign steel, have come into effect. So what exactly is going on and what impact is this having on the physical flow of goods into America? In this episode, we catch up with Gene Seroka, executive director of the Port of LA, to get a sense of what he's actually seeing and what it means for US consumers and the prospect of empty store shelves.

Read more: Port Leaders Warn Tariffs Bring ‘Radical Uncertainty’ to Economy
Empty Store Shelves Might Be Coming Sooner Than You Think

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Transcript

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0:00.0

This is an IHeart podcast.

0:04.0

This episode is brought to you by Charles Schwab.

0:07.5

When is the right time to sell a stock?

0:10.0

How do you protect against inflation?

0:12.2

Financial decisions can be tricky.

0:14.4

Your cognitive and emotional biases can lead you astray.

0:18.0

Financial Decoder, an original podcast from Charles Schwab can help. Listen at Schwab.com

0:23.8

slash financial decoder. Bloomberg Audio Studios, Podcasts Radio News. Joe, did you know you can buy a container gantry crane on Alibaba?

0:38.7

Oh, I think I saw that. How much is it?

0:41.3

They have different price points, as you might imagine, but I'm looking at one right now that's

0:45.7

37,000 to 28,000. Ooh, and it's customizable. You can change the color.

0:53.2

Some of those prices for like industrial equipment on Alibaba are so cheap that, like, I cannot believe they're real.

1:00.3

I think they are real, which is sort of the scary part, or at least in terms of from the perspective of an American industrial perspective.

1:07.6

I think in many cases they are actually real.

1:09.5

But I still can't believe what's

1:11.3

theoretically available. I did a deadlift. I'm both the most popular trader and most successful

1:19.4

trader at Citadel. Fed has gone viral. Barges. This is an after-school special, except

1:24.8

I've decided I'm going to base my entire personality going forward on campaigning for a strategic pork reserve in the U.S.

1:30.9

Black gold!

1:31.9

These are the important questions.

1:33.5

Is it robots taking over the world?

1:34.8

No, I think that, like, in a couple of years, the AI will do a really good job of making the Outlots podcast.

...

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