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

The Slowdown at Ports Is a Warning of Rough Economic Seas Ahead

The maritime shipping industry is seeing a rise in “blank sailings,” a shift that one expert calls a “canary in the coal mine.”

Port of Los Angeles director expects 'precipitous' drop in business after Chinese tariffs

Volume at one of the busiest ports in the U.S. could drop dramatically as the trade war with China escalates, its executive director says. In an interview with CNBC on Monday, Port of L.A. Executive Director Gene Seroka said he expects shipping to plummet as much as 35%, which can affect inventory on store shelves as the summer season begins. Shipments from China make up nearly half of the business done at the Port of L.A., Seroka said. Last mon…

Ports Post Cargo Growth in March, but Possible Slowdown Looms

Container volume grew at U.S. ports in March despite uncertainty around tariffs.

The last boats without crippling tariffs from China are arriving. The countdown to shortages and higher prices has begun

Some of the last cargo ships carrying Chinese goods without crippling tariffs are currently drifting into US ports. Come next week, though, that will change.

Port of Los Angeles Warns Potential 35 Percent Drop in Cargo Arrivals Due to Tariffs

The Port of Los Angeles, the busiest container port in North America, has warned of a potential 35 percent downturn in cargo arriving at the port resulting from U.S. tariffs starting in early May. “It’s my prediction that in two weeks’ time, arrivals will drop by 35 percent as essentially all shipments out of China for major retailers and manufacturers have ceased, and cargo coming out of Southeast Asia locations is much softer than normal,” Gen…

U.S. ports bracing for big drop in shipping

The executive director of the port of Los Angeles expects a 35 percent drop in cargo coming in from Asia starting next week. The warning comes as the dockworkers union says President Trump’s trade war risks leading to “devastating job losses.” NBC News’ Steve Patterson reports from the ports of Southern California.