Overview
- No cargo ships have departed China for the Ports of Los Angeles and Long Beach in the past 12 hours, marking the first such stoppage since the COVID pandemic.
- Port traffic at Long Beach and Los Angeles is down 30–40% year-over-year, with 17 blank sailings in May equating to 225,000 fewer containers processed.
- Dockworkers and truckers are facing significant job losses, with over 235 workers unable to secure shifts in a single day, and part-time workers hit the hardest.
- Retailers are reporting empty shelves and rising prices as supply chain disruptions ripple across the U.S., impacting consumers and small businesses alike.
- U.S. and Chinese trade representatives are meeting in Geneva this weekend to negotiate a potential resolution to the escalating trade war and adjust tariff rates.