Tariffs chill Southern California's vast industrial property market
- President Trump's tariffs, including a 125% rate on Chinese imports, are impacting trade.
- The trade war with China is escalating and causing uncertainty for businesses.
- Los Angeles and Long Beach ports anticipate cargo volume drops and potential job losses.
- Mario Cordero of Long Beach said 63-64% of cargo imports are Chinese; Gene Seroka of LA expects a 10% cargo volume drop.
- Tariffs could negatively impact industrial real estate, but reshoring manufacturing might be a long-term benefit.
24 Articles
24 Articles
Cargo Volume Remains Consistent Despite Tariff Threats
Despite concerns that federal policies and new tariffs would slow down trade, the Port of Los Angeles reported Friday strong and consistent cargo volume moving through its facility in March, marking an increase of 4.7% compared to the same month last year. According to port officials, dock workers processed 778,406 twenty-foot equivalent units last month, and ended the first quarter with 2.5 million TEUs processed, 5.2% ahead of the same period …
Goods at Sea Dodge Tariffs Until May, Those Warehoused Taxed When Taken
With a whirlwind of changes to U.S. tariffs, there’s a scramble to understand how the duties will impact goods in transit on container ships and awaiting pickup at U.S. ports. As of April 10, ocean cargo ships bound for the United States are exempt from President Donald Trump’s April 5 order imposing a 10-percent tariff against all imported goods until May 27 if they can provide proof that the goods were loaded onto the vessel before midnight on…

Tariffs chill Southern California's vast industrial property market
Demand for warehouses used to move goods through Los Angeles County ports is expected to fall if widespread tariffs take effect, potentially damaging the economic vitality of one of the world's largest industrial real estate markets.
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