This year, the LA and Long Beach ports, which together account for roughly a third of all U.S. container imports, have seen their busiest ever peak season.

An increasing number of major companies are shifting manufacturing back to the U.S. and nearby Mexico in response to a volatile global supply chain landscape.

Canada's deputy prime minister noted that while the U.S. and Canada are "perfectly aligned" on trade with China, "the same cannot be said of Mexico."

Although the EU recently imposed tariffs on EVs imported from China, Chinese automakers have continued to make inroads into the European market.

Lenovo, like most electronics manufacturers, has sited most of its plants in China, creating potential vulnerability from president-elect Trump's promise to impose 60% tariffs on Chinese imports.

Tai cautioned against the use of blanket tariffs such as those proposed by Donald Trump, who has vowed to enact 60% levies on all Chinese imports. 

The China-backed megaport has the potential to create whole new trade routes that will bypass North America entirely.

Businesses are poised to continue bringing in larger volumes of goods through the end of the year, which is normally a quieter time for the ports.

In this special report, S&P Global Mobility looks at issues specific to the auto industry and how the election outcome will impact issues important to the auto industry.

This comes as businesses have been faced with the possibility of new tariffs from the upcoming Trump administration in the U.S.