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tit-for-tat tariffs

US ports fear they will be big losers in trade war

NEW YORK: America’s ports are fearful that they will be big losers as the escalating trade fight between Washington and Beijing bites into business. The anxiety is that tit-for-tat tariffs between the two economic superpowers will crimp shipments, denting port revenues. Kurt Nagle, head of the American Association of Port Authorities, called the state of play "concerning," following the latest back-and-forth this week between the United States and China. "The total amount of tariffs and international retaliation…