Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite

Port official warns cargo volume will plummet 35% next week as tariffs bite

Shipping containers at Terminal 1 at the Port of Los Angeles in 2024. (File photo by Mike Blake/Reuters) The Port of Los Angeles is expecting a 35% drop in cargo from Asia next week, the facility’s executive director said in a CNBC interview on Tuesday. “It’s a precipitous drop in volume with a number of major American retailers stopping all shipments from China based on the tariffs,” said Gene Seroka. Seroka said retailers have told him they ha…

The commercial tariffs imposed by former President Trump are causing concerns about a possible brake on U.S. economic growth during this 2025. These concerns have, to a large extent, been manifested so far in weak survey data, but other indicators are beginning to show warning signs. According to the original report, imports to the port of Los Angeles are expected to be about 36% less compared to the previous year for the week ending May 10. Thi…

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Live Updates Live Coverage Updates appear automatically as they are published. Tariffs Threaten Supply Chain, Wall Street Shrugs 10:57 am Gene Seroka, the executive director of the Port of Los Angeles, is warning of a “precipitous drop” in shipments from China as “major American retailers stop … all shipments from China based on the tariffs” announced by President Trump earlier this month. Despite the warning, investors have resumed buying s…

Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite

Shipments from China to the U.S. west coast appear poised to drop sharply in May.

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A union representing West Coast dockworkers has warned that the China-U.S. trade war will affect hundreds of thousands of jobs.

Importers of goods from China to the United States have taken a wait-and-see approach in recent weeks. They don't want to pay the high tariffs imposed on Beijing by US President Donald Trump. They have delayed shipments in the hope that the governments in both countries will agree on more lenient rules, which is negatively affecting both shippers and port operators.