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A week ago, executive director of LA Port of Los Angeles, Jean Celoka told CNBC that she hopes to see a “sudden” business decline at the ports in Los Angeles and Long Beach, amid the tariffs of President Donald Trump. But just a few days later, Port of Long Beach CEO Mario Cordello said in the daily breeze that the drop-off could already be here.
Before the start of the July peak shipping season, it’s time for ports to see an increase in normal activity.
This year is getting much slower amid tariffs, including a 145% tariff on Chinese goods, Cordero said.
“It’s a lack of clarity, what I called ‘radical’ uncertainty,” Cordero said in the daily breeze. “If you are a shipper and have a product in China when there is a 145% tariff, then you’ll want to wait if you believe this will be alleviated in the coming months.”
Celoka told Bloomberg last week that the LA port has already dropped to about two-thirds of its normal volume.
“In fact,” he said, as Daily Wind reported, “Arriving at the Port of Los Angeles will fall by 35% next week.”
As reported by Axios, Trump says these tariffs will fall, but there is no ink as to when that will happen.
“At some point, I’m going to go down [tariffs on China] Because otherwise you could never have done business with them,” he said. See, their economy is doing really badly. Their economy is collapsed. ”
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