Reported 2 days ago
Imports at the busiest US port, the Port of Los Angeles, are projected to start declining in May, with a potential drop of at least 10% in the second half of the year due to newly imposed tariffs on foreign goods, particularly from China, which now face 145% tariffs. Last month saw a slight increase in imports as businesses rushed to stock up before the tariffs took effect, but export numbers have dropped significantly, indicating increasing pressures from counter-tariffs imposed by other countries.
Source: YAHOO