The Port of Oakland, North America's 10th largest container port, is experiencing a slowdown in traffic attributed to new U.S. tariffs. Ships arriving are decreasing in number and size, reflecting declining demand. Mike Jacob, president of the Pacific Merchant Shipping Association, highlights the uncertainty created by tariffs, severely affecting investment decisions and cargo flow. While officials state that no significant slowdown in cargo volumes has yet been observed, they've noted a concerning rise in 'blank sailings', which indicates cancelled voyages. This poses challenges for agricultural exports, particularly for California products affected by retaliatory tariffs.
When you lose ships, you lose access to world markets. The tariffs have introduced uncertainty affecting investments and cargo decisions. The situation demands immediate attention.
Starting this month, we are already planning on seeing a dozen fewer ships coming in. The ships that are coming in are going to be smaller.
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