May Imports Drop 9% at Busiest US Seaport on 145% China Tariffs
- Imports at the Port of Los Angeles fell 9% year-on-year in May due to tariffs from China.
- The Port of Los Angeles managed 355,950 twenty-foot shipping containers in May, marking its lowest volume in over two years.
- The U.S. and China agreed to a 90-day pause on tariffs, reducing the duty on many Chinese goods to 30% from 145%, which may help ease trade tensions.
- Gene Seroka stated that May represented the lowest monthly volume in over two years.
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Busiest US seaport takes hit from 145% China tariffs, worries remain
By Lisa Baertlein
·Colorado Springs, United States
Read Full ArticleMay imports fall 9% at Port of Los Angeles after China tariffs | Honolulu Star-Advertiser
LOS ANGELES >> Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May, offering insight into how many shipments were canceled or put on hold after President Donald Trump slapped tariffs of 145% on goods from China.
·Honolulu, United States
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Leaning Left0Leaning Right3Center4Last UpdatedBias Distribution57% Center
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- 57% of the sources are Center
57% Center
C 57%
R 43%
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