US Edition
What Execs at the Largest Public US Companies Had to Say About Tariffs
- On May 19, 2025, executives at the ports of Los Angeles and Long Beach discussed the impact of U.S.-China tariffs on port activity and imports.
- The 145% tariffs imposed on April 9 were temporarily reduced to 30% for 90 days, causing importers to frontload shipments before the higher rates resume.
- This frontloading raised shipments in April but led to fewer vessel arrivals and expected import drops in May, with 17 May sailings canceled and a 10% decline forecasted.
- The head of the Port of Los Angeles indicated that a significant decrease in volume is expected for May, attributing this to sustained high prices and dismissing the likelihood of a large influx of freight during this period.
- The tariff pause suggests a temporary relief, but reduced cargo flows, higher consumer prices, and job impacts at ports imply continued challenges for U.S.-China trade.
20 Articles
20 Articles
Port of Los Angeles Imports Fall by 30% in First Week of May Due to Trump Tariffs
[NHK] The Port of Los Angeles Authority, which serves as the gateway for trade between the United States and Asia, announced in the first week of May that it would close its ports due to the impact of the Trump administration's tariff policies.
LA Port shipments fell 30% in early May after Trump tariffs
Inbound shipments to the Port of Los Angeles — the busiest container hub in the US — dropped as much as 30% in early May as President Donald Trump’s tariffs discourage trade. “Fewer containers mean less work on the waterfront, from the number of labor gangs that are out there responding to the shift requirements of cargo, to the truckers and warehouse workers,” Port of Los Angeles Executive Director Gene Seroka said on a call with reporters Mond…
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