Overview
- President Trump’s 145% tariffs on Chinese goods, imposed in April, have disrupted U.S. imports, with volumes surging in April before collapsing in May.
- The expiration of the de minimis exemption on May 2 has further compounded the decline in import volumes, with its full impact still unfolding.
- Seattle and Tacoma ports project a 40% drop in container arrivals, while Long Beach and Los Angeles have reported 70 canceled sailings combined through June.
- Port officials warn of job losses for dockworkers, truck drivers, and warehouse staff, as well as potential consumer shortages and price increases in coming months.
- Negotiations between the U.S. and China are set to begin this weekend, with hopes of resolving tariff disputes before peak shipping season.