The Trump administration's tariffs are affecting the Port of Long Beach by reducing vessel arrivals and cargo volumes, with a notable drop anticipated for May and a forecasted 20% reduction in the second half of 2025. Mario Cordero, the port's CEO, explains that this decline is driven by diminished bookings from Asia, which indicates potential job losses and a risk of product shortages for consumers in the coming months. The situation reflects a broader trend at U.S. ports heavily reliant on imports, especially from China.
The story of the day for the Port of Long Beach is we're starting to see less vessel arrivals, which means less cargo. This translates to potentially less jobs and an impact to consumers.
For the second half of 2025, we're looking at least a 20% reduction in volume. This based on diminished bookings coming out of Asia and subsequent planning.
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