Particle.news
Download on the App Store
4 ARTICLES
·
2d ago

First Tariffed Chinese Goods Arrive as U.S.-China Trade Talks Loom

Seven ships carrying 12,000 containers subject to 145% tariffs dock at U.S. ports while President Trump considers reducing the rate to 80%.

Image
Image
President Donald Trump has doubled down on wanting to address the U.S. trade deficit with China.

Overview

  • Seven Chinese vessels carrying 12,000 tariffed shipping containers have arrived at the Ports of Los Angeles and Long Beach, with five more ships expected soon.
  • Retailers like Amazon, Home Depot, and Ikea are grappling with the 145% tariffs applied to a range of consumer goods, including appliances, apparel, and tools.
  • Holiday shipments have dropped 56% compared to last year, raising concerns about inventory shortages and potential $8 billion in economic losses.
  • Shipping disruptions continue, with 90 blank sailings recorded on Asia-North America routes and container capacity down by up to 28%.
  • Treasury Secretary Scott Bessent is set to meet Chinese officials in Switzerland this weekend as President Trump signals openness to reducing tariffs to 80%.