Tariffs Drag Port of Los Angeles to Lowest Monthly Volume Since 2023
7 Articles
7 Articles
Tariffs drag Port of Los Angeles to lowest monthly volume since 2023
Import volumes through the most active commercial port in the United States fell 19 percent compared to the previous month, as a result of tariffs imposed by President Donald Trump. “It’s very slow here, according to the season,” said Gene Seroka, executive director of the Port of Los Angeles, to reporters on Friday. Trump’s tariffs affect sales season at EUseroka warned that U.S. companies face high tariffs and uncertainty during what would typ…
May cargo numbers in LA plunge as tariffs continue to take a toll
May cargo numbers at the Port of Los Angeles marked the lowest monthly output in more than two years, Executive Director Gene Seroka said during his monthly online media briefing on Friday, June 13 — adding that tariffs continue to hit labor jobs and consumer prices. “While May volume is typically stronger than April, as we approach our traditional peak season,” he said, “our imports dropped 19% compared to last month. “Unless long-term, compreh…
Tariffs hit Port of Los Angeles hard, as expected
Tariffs -- including those on goods from China -- have slowed activity at the Port of Los Angeles, which says its cargo output in May was the lowest in more than two years. The port on Friday said it “processed 716,619 Twenty-Foot Equivalent Units (TEUs) in May, 5% less than last year,” adding: “After 10 straight months of year-over-year growth, overall cargo volume slowed due to the impact of tariffs on both imports and exports.” “May marked ou…
Tariffs Slow Down Port Cargo Volume
After 10 straight months of year-over-year growth, the Port of Los Angeles Friday announced it experienced a 5% decrease in cargo volume in May, citing the impact of federal tariffs on imports and exports. During an online briefing Friday, Port of L.A. Executive Director Gene Seroka said longshore workers processed 716,619 twenty-foot equivalent units last month. May volume is typically stronger than April as the port approaches its traditional …
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