As President Trump’s tariffs against China go into effect, WSJ’s Paul Berger explains what’s next for the largest port complex in the U.S.—the ports of Los Angeles and Long Beach—and the economic aftershocks in store for the rest of the country.

Trump's punishing tariffs have shaken a global trading order that has persisted for decades and raised fears of a recession.

Trump's punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward. The S&P closed below 5,000 for the first time in nearly a year on Tuesday and is nearing a bear market,