Overview

• A federal appeals court temporarily reinstated President Trump’s 145 percent tariffs after a lower court had threatened to delay or block the duties.
• Gene Seroka of the Port of Los Angeles reported a double-digit drop in May cargo volumes compared to a year earlier following steep weekly declines.
• The port has canceled 10 scheduled vessel arrivals in June, including five in the first week, as shippers postpone bookings amid the tariff dispute.
• Since January, U.S. authorities have issued nearly 60 announcements on trade policy and tariffs, fueling importers’ reluctance to commit to orders.
• Deadlines were set for June 5 by plaintiffs, June 9 by the administration, prolonging legal uncertainty over the final fate of the duties.