Click on the image to watch the TV news segment. Excerpt:
These are uncertain times at the Port of Los Angeles. At more than $30 billion yearly, Japan is its second-largest trading partner behind China.
The closure of several ports in northeast Japan are expected to cost that country $3.4 billion of lost seaborne trade — each day.
Phillip Sanfield, director of media relations for the Port of Los Angeles says it will take a week to 10 days to get a better idea of the full economic impact. But there could be a major trickle-down effect in the U.S. as a whole. Yet he says it’s hard to think about money when so many lives have been lost.