European Talks With Iran End Without A Breakthrough - CNN NewsNight with Abby Phillip - Podcast on CNN Audio
European Talks With Iran End Without A Breakthrough CNN NewsNight with Abby Phillip 47 mins
The violence between Israel and Iran is showing now signs of slowing down as both sides exchange new waves of attacks. But, as the missiles rained down, the clock is ticking on Trump's window for diplomacy as he weighs in on whether the United States will join Israel in striking Iran.
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The move was meant to protect U.S. businesses during the Great Depression. It instead instigated a global trade war and deepened the economic crisis. Within two years, imports fell 40%. It took years for trade to recover. The Port of Los Angeles was founded two decades before, in 1907, and it blossomed because of its connection to major railroads. In the 1960s, the advent of the shipping container and the growth of factories in Asia began to transform the port. By the end of the 1980s, the Port of Los Angeles had eclipsed the ports of New York and New Jersey as the country's largest. After China's entry into the World Trade Organization in 2001, Chinese factories and the port grew in tandem. Now 45% of the port's business is connected to China, followed by Japan, Vietnam, South Korea and Taiwan. It receives some of the world's largest container ships, stretching the length of four football fields and holding tens of thousands of steel containers. 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