US EditionPort official: New tariffs will mean less selection, higher prices for holidays
LOS ANGELES COUNTY, CALIFORNIA, JUL 14 – Tariffs imposed by the Trump administration raised import costs, causing a 0.3% inflation increase in June and a 10% rise in shipping volume at the Port of Los Angeles, officials said.
- Gene Seroka, head of the Port of Los Angeles, indicated on July 14, 2025, that consumers should expect reduced inventory, limited product choices, and increased prices during the upcoming holiday season.
- This outlook follows a surge in imports to the port in June 2025, when it handled 892,340 TEUs including 470,450 loaded imports, 10% higher than the previous year, driven by a rush before tariffs rise August 1.
- Zichun Huang of Capital Economics explained tariffs will likely remain high, constraining Chinese manufacturers' ability to increase global market share by cutting prices, while EU tariffs caused auto exports to drop nearly 38%.
- Family business owner Bobby Djavaheri lamented the tariff-induced cost pressures with losses expected this year, as dozens of policy changes have disrupted small and medium-scale importers relying on Chinese-made goods.
- Seroka predicted a 'bumpy ride' ahead as the National Retail Federation forecasts significant cargo volume drops from August to November, suggesting tighter holiday inventories and higher consumer prices may persist.
17 Articles
17 Articles
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The impacts of this year’s rapidly shifting tariff climate is wreaking havoc on small- and medium-sized businesses struggling to survive in the U.S., said the president of a family-owned Los Angeles company who joined Port of Los Angeles Executive Director Gene Seroka on Monday, July 14, for a virtual monthly news conference. “I see it as not getting better,” said Bobby Djavaheri, President of Yedi Houseware in L.A., noting the confusion with …
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Busiest US port says June imports rebound after China tariffs reduced
By Lisa Baertlein LOS ANGELES (Reuters) -Imports to the busiest U.S. seaport in Los Angeles rebounded strongly in June, finishing up 10% versus a year ago and contributing to record total volume for the month, the port’s executive director said on Monday. The Port of Los Angeles handled 470,450 20-foot equivalent units (TEUs) of incoming cargo last month after the U.S. reached a tariff truce with China. The surge “highlights the tariff whipsaw e…
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