""The effects of international tariffs are being felt at the Port of Oakland, which saw a 10.1% drop in overall shipping volume in June compared to the previous month.""
""Port leaders are saying the latest data could be an early indicator of a new shipping economy shaped by tariffs.""
""Despite June's decline, year-to-date container volume remains higher than the same period last year, totaling 1.14 million TEUs, marking a 0.6% increase over June 2024.""
The Port of Oakland experienced a significant 10.1% decline in shipping volume in June, attributed to the effects of international tariffs. Concerns arise among longshoremen regarding job stability for lower-tier workers. Although the port recorded a slight year-to-year container volume increase of 0.6%, future forecasts remain uncertain due to tariff impacts. Particularly affected are trade relations with China, which has decreased imports amidst tariff complexities. Early data may suggest a shift towards a new shipping economy shaped by these trade conditions.
Read at www.mercurynews.com
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