US EditionTrump’s Tariffs Are Under Threat, but Ports Aren’t Seeing a Big Rebound yet. That’s Bad News for Prices
- A federal court briefly blocked many of President Trump's tariffs on Wednesday, causing hopes of relief among U.S. Port officials.
- The blockage followed earlier tariff reductions from 145% to 30% on China, but a federal appeals court quickly restored them by Thursday afternoon.
- Despite tariff developments and a recent truce, major U.S. Ports like Los Angeles and Seattle still face import declines of about 30% compared to last year.
- Gene Seroka, director of the Port of Los Angeles, noted that the 30% tariff on Chinese goods was creating financial challenges for numerous retailers, leading them to reduce the amount of inventory imported into the U.S. And slowing recovery efforts.
- With a 90-day pause on some tariffs expiring mid-2025 and retailers raising prices, experts expect rising costs and fewer goods on shelves, despite no major surge in imports yet.
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Trade war still hurts US ports despite tariff relief
The US and China may have hit pause on their trade fight but that doesn’t mean calm at America’s ports. The Port of Long Beach, a key gateway for Chinese imports, is caught in the crosshairs of shifting tariff policy. The uncertainty is rippling through the supply chain.
·Bonn, Germany
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Traffic At U.S. Ports Has Absolutely Plummeted Compared To Last Year, And A New Crisis Threatens To Turn U.S. Relations With China Into A Massive Dumpster Fire
by Michael Snyder, The Economic Collapse Blog: Did you know that we just witnessed the largest decline in U.S. imports in the entire history of our nation last month? Unfortunately, things didn’t get any better this month. In fact, during the final week of May imports at major ports on the west coast are down […]
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Total News Sources11
Leaning Left2Leaning Right3Center3Last UpdatedBias Distribution38% Center, 38% Right
Bias Distribution
- 38% of the sources are Center, 38% of the sources lean Right
38% Right
L 25%
C 38%
R 38%
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