The multifront trade war, which started with solar panels and washing machines, quickly expanded to additional battles. Retaliatory tariffs were imposed, and the flow of global trade the world once knew was changed. Headlines reporting the China tariffs "on hold," "truces announced," or threats of additional tariffs being imposed feed the uncertainty, which roils markets to historic highs and dramatic selloffs.
So how can one get a sense of the true status of trade and the good faith being pledged by countries like China?
Through the trade flows!
With 90 percent of the world's economy moved by maritime transport, the ocean highway is the best way for anyone to gauge the status of trade talks as well as monitor the flow of trade. Lori Ann LaRocco takes readers inside the world of global trade and shows us: Containers and tankers don't lie.
This new book cuts through the political rhetoric and reminds us just how dangerous for the world economy and security a continuing trade war could be. Read the facts and learn some of the strategies business leaders are employing to navigate the trade wars.
Lori Ann LaRocco is senior editor of guests for CNBC business news. She coordinates high-profile interviews in business and politics, as well as special multimillion dollar on-location productions for all shows on the network. Her specialty is in politics, working with titans of industry. LaRocco is the author of Dynasties of the Sea, Part 2: The Untold Stories of the Postwar Shipping Pioneers (Marine Money, Inc., 2018), Opportunity Knocking (Agate Publishing, 2014), Dynasties of the Sea: The Shipowners and Financiers Who Expanded the Era of Free Trade (Marine Money, Inc., 2012), and Thriving in the New Economy: Lessons from Today's Top Business Minds (Wiley, 2010).
LaRocco has been working at CNBC since 2000. Her track record has garnered trust and respect from Wall Street to Washington. By establishing relationships with some of the best in business, LaRocco has been the first to learn of business deals in the billions of dollars, enabling CNBC to break the news.
Prior to joining CNBC, LaRocco was an anchor, reporter, and assignment editor in various local news markets around the country.