Overview

• Chinese imports at western U.S. ports have dropped by approximately 60%, with forecasts suggesting shipments may halt entirely by mid-May.
• President Trump imposed a 145% tariff on Chinese goods earlier this month, later stating it would not remain that high, but the policy has caused significant trade disruptions.
• Treasury Secretary Scott Bessent expressed confidence that preordered goods and market adjustments would mitigate shortages, though retailers remain skeptical.
• The World Trade Organization estimates that without a resolution, U.S.-China trade could decline by as much as 80%, raising concerns about global economic stability.
• Retailers criticize the administration's erratic tariff strategy, warning of empty shelves and economic fallout reminiscent of pandemic-era supply chain crises.