First, a pop quiz. How many of the world’s 10 busiest container ports are in the U.S. or Europe?
The answer: zero.
According to the World Shipping Council’s top 50 ranking by 2018 container volume, seven are in China, another is in Singapore, one is South Korean and No. 10 is in United Arab Emirates.
The point is, to understand where rising tariffs and trade wars are taking their biggest toll, look to Asia — and not just...