Recession Could Originate At The Port Of Los Angeles, Warns Economist, Calling Tariff Decision A 'Misapplied Consumption Tax' On Households

Port of Los Angeles Sees Drop in Cargo Ship Arrivals

The Port of Los Angeles, the nation’s busiest container port, is expecting a decline in container shipments compared with last year, and the data is beginning to reflect that. Experts are concerned about potential layoffs as a result. According to Capt. Kit Louttit, executive director of the Marine Exchange of Southern California, which keeps records of ships arriving and departing throughout the region, 22 ships arrived at the neighboring Los A…

Recession Could Originate At The Port Of Los Angeles, Warns Economist, Calling Tariff Decision A 'Misapplied Consumption Tax' On Households

In a recent note, RSM chief economist Joseph Brusuelas has warned of a potential tariff-induced recession, which could begin on the coast, leading to increased inflation and unemployment. What Happened: Brusuelas expressed concern that inconsistent tariff policies could set off a recession, originating from the Los Angeles docks. About 22% of U.S. jobs are tied to transportation, warehousing, and trade, making import container volumes at Los Ang…

Countdown To Shortages? Last Cargo Ships From China Arrive In US Ports

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The first boats carrying Chinese goods with 145% tariffs are arriving in LA. Shipments are cut in half. Expect shortages soon

(CNN) — American consumers are on the cusp of tough choices because of President Donald Trump’s trade war.Ships now pulling into US harbors from China are the first to be subject to the massive tariffs that America is imposing on most Chinese imports. That means, in a matter of weeks, consumers will face higher prices and shortages of certain items.Imports from China have fallen dramatically since Trump imposed steep tariffs – particularly since…

The United States risks a decline in imports and a subsequent increase in unemployment with reciprocal tariffs, warns an economist

Southern California’s Industrial Market Plays an Anxious Waiting Game

In 2024, the bustling Port of Los Angeles processed 10.2 million shipping containers, the boat-born boxes that carry the goods of global trade. Measured via a stat called TEUs, the annual haul was the second-most in the port’s history and a 20 percent jump from the year before.  This May, port watchers expect the harbor to be relatively quiet, as President Donald Trump’s tariffs — now 145 percent on Chinese goods — tank shipping volumes. The las…