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, Executive Director of the Port of Los Angeles, said new tariffs will cause lower inventory, fewer selections, and higher prices this holiday season.
- The situation stems from tariffs imposed by the Trump administration, including a 30% hike on Chinese imports pending an August 12 deadline, causing importers to rush shipments ahead of the deadline.
- In June 2025, the port handled 892,340 TEUs with imports up 10% year-on-year, while smaller businesses like Yedi Houseware's president expressed frustration over rising costs and uncertain policies.
- Chris Hodge, Natixis economist, said June marked the first strong tariff impact, noting auto and apparel sectors showed unexpected low readings, and Zichun Huang of Capital Economics expects slowing export growth to weigh on China's economy.
- These conditions suggest a 'bumpy ride ahead' for supply chains, with the National Retail Federation forecasting significant cargo volume drops post-August and consumers likely facing tighter selections and higher prices.
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