Overview

• Cargo volumes at the Port of Los Angeles have dropped by over 35% year-over-year, with similar declines projected at the Port of Long Beach.
• Around 25% of scheduled ship arrivals for May have been canceled, reflecting a surge in blank sailings from Asia to the U.S.
• Major American retailers have paused all shipments from China, raising concerns of stock shortages and price increases within weeks.
• The Institute for Supply Management reports that all inbound Chinese shipments are currently on hold due to tariff costs and uncertainty.
• Legal and political challenges to President Trump's tariff authority are growing, while Beijing denies active negotiations to resolve the trade dispute.