"I think it's really a very historic 3fresh start in the relationship between the U.S. and China."
4Overall tariffs on Chinese goods will drop from 145% to 30%, and China will cut tariffs on American 5imports from 125% to 10%.
But U.S. consumers could still see higher prices on 6goods because of 7supply chain concerns.
"We currently do not have any container ships at port right now."
On Friday, officials at the Port of Seattle said cargo traffic 8bound for the U.S. hasn't been this low since the pandemic.
A similar situation at the Port of Los Angeles, where zero cargo 9vessels had 10departed from China Friday, as well.
11Volume at the busiest U.S. ports has dropped more than 30%.
These Chinese ships typically carry a variety of products that U.S. consumers 12depend on.
Here's why that's a big concern.
The Port of LA is one of the largest in the world.
According to their stats, China and Hong Kong are the biggest importers, bringing in $120 billion worth of goods last year to this port alone.
"We may be seeing empty products 13on the shelves. So, this is now going to be felt by the consumer."
Once the cargo hits U.S. ports, the goods take as little as a few weeks to hit store shelves.
But with fewer ships arriving, some U.S. leaders warn consumers will feel the 14crunch.
"Nothing is actually going to come from this other than continued higher prices and 15uncertainty and 16stability."