"The Trump Administration Is Acting Like This Isn't A Big Deal,' Says Fox Host As LA Port Volume Drops 35% And Layoffs [View all]

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The Port of Los Angeles, the busiest in the Western Hemisphere, has seen a 35% drop in cargo volume compared to the same period last year, according to Gene Seroka, the port’s executive director. The drop reflects the harsh impact of recent tariffs imposed by President Donald Trump’s administration.

The economic fallout from these tariffs sparked a heated exchange on the recent Fox News “The Five” show. One of the hosts, Jessica Tarlov, argued that despite the administration’s attempts to downplay the impact, the consequences are already being felt.

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“Prices are already going up,” Tarlov said, highlighting layoffs at a Mack truck plant in Pennsylvania and rising costs hitting major companies like Microsoft (NASDAQ:MSFT) and Mattel (NASDAQ:MAT). She pointed to the executive director of the Port of Los Angeles, who, besides reporting a 35% drop in cargo volume, also warned that truckers and dock workers could soon face significant layoffs.

When co-hosts Jeanine Pirro and Greg Gutfeld tried to push back, suggesting that there’s always talk about layoffs but they never happen, Tarlov shot back, “It’s not true that it doesn’t happen... These are real consequences.”

https://finance.yahoo.com/news/incredible-trump-administration-acting-isnt-230129083.html

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