Port of LA just had its best June on record as importers rushed to beat tariff deadlines
CNN
The Port of Los Angeles rebounded in June for a record-breaking month as importers raced to get cargo into the US port before the “reciprocal” tariff pause ended July 9, port executive director Gene Seroka announced on Monday. President Donald Trump has since pushed that deadline to August 1.
The Port of Los Angeles rebounded in June for a record-breaking month as importers raced to get cargo into the port before the “reciprocal” tariff pause ended July 9, port executive director Gene Seroka announced Monday. President Donald Trump has since pushed that deadline to August 1. The Port of Los Angeles, which gets more goods from China than any other country, saw an 8% jump in cargo from last June, the best on record, the port said. Five extra vessels not normally scheduled to arrive at the port helped boost volume. “After a very slow start, the Port of Los Angeles bounced back strong in the second half of June,” Seroka said at the port’s monthly media briefing. “While record-setting volume is welcome news, it also highlights the tariff whipsaw effect.” June’s record volume also marks a 32% increase from May. Imports slowed after the Trump administration placed baseline tariffs on nearly every country around the world in April. “When tariffs kicked in, imports slowed significantly in May and continued to drop through the first half of June — then with a pause on some tariffs — cargo began moving once again,” Seroka said. Trump set a new deadline for reciprocal tariffs last week and has threatened higher tariff rates on dozens of countries since then. That includes a 30% tariff rate on the European Union and Mexico, 35% on Canada, 24% on Japan, 32% on Malaysia, and 50% on Brazil. The United States and China agreed to a framework trade agreement that imposed 30% tariffs on goods before an August 12 deadline.
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