{"id":11515,"date":"2025-06-16T20:03:59","date_gmt":"2025-06-16T20:03:59","guid":{"rendered":"https:\/\/krogragg.com\/?p=11515"},"modified":"2025-06-16T20:03:59","modified_gmt":"2025-06-16T20:03:59","slug":"video-tariffs-hit-port-of-los-angeles-cargo-volume","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=11515","title":{"rendered":"VIDEO: Tariffs hit Port of Los Angeles cargo volume"},"content":{"rendered":"

VIDEO: Tariffs hit Port of Los Angeles cargo volume
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The Port of Los Angeles processed 716,619 TEU of containers in May, 5% less than last year. After 10 straight months of year-over-year growth, overall cargo volume slowed due to the impact of tariffs on both imports and exports.<\/p>\n

\u201cMay marked our lowest monthly cargo output in over two years,\u201d Port of Los Angeles executive director Gene Seroka<\/a> said at a media briefing. \u201cWhile May volume is typically stronger than April as we approach our traditional peak season, our imports dropped 19% compared to last month.<\/p>\n

\u201cUnless long-term, comprehensive trade agreements are reached soon, we\u2019ll likely see higher prices and less selection during the year-end holiday season,\u201d Seroka added. \u201cThe uncertainty created by fast-changing tariff policies has caused hardships for consumers, businesses and labor.\u201d<\/p>\n

Ernie Tedeschi, director of economics at the Budget Lab at Yale, joined Seroka for the cargo volume briefing. Tedeschi discussed the impacts tariffs have had on American consumers.<\/p>\n

\u201cThe Budget Lab has been modeling the impact of tariffs on American households since the first announcements earlier this year. Tariffs would raise average prices by 1.5%, a loss in purchasing power of nearly $2,500 per household per year,\u201d Tedeschi said. \u201cBut that impact isn\u2019t the same across all families or products: lower-income and working-class families see a bigger hit than higher-income families, and products more likely to be imported like shoes, apparel, and consumer electronics will see double-digit percent price increases.\u201d<\/p>\n

May 2025 loaded imports came in at 355,950 TEUs, 9% less than the previous year. Loaded exports landed at 120,196 TEUs, a 5% drop from 2024. The port processed 240,472 empty container units, 2% more than last year.<\/p>\n

After five months in 2025, the Port of Los Angeles has handled 4,063,472 TEUs, 4% more than the same period in 2024.<\/p>\n

Watch the full media briefing:<\/p>\n

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