Despite surging inflation and waning consumer confidence, Port of Los Angeles Executive Director Gene Seroka sees America’s import boom persisting in the months ahead.
“While we’re cost-minded and we feel it at the pump and at the grocery store, we’re going to continue to buy,” he predicted at a press conference Tuesday, pointing to Americans’ $1 trillion in accumulated savings and $1.2 trillion in revolving credit.
Americans aren’t buying the same kind of goods they were at the height of the...
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