Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite

CNBC

By Jesse Pound

Published Tue, Apr 29 20259:23 AM EDTUpdated Tue, Apr 29 202511:10 AM EDT

Shipments from China to the West Coast of the U.S. will plummet next week as the impact of President Donald Trump’s tariffs leads companies to cut their import orders.

Gene Seroka, executive director of the Port of Los Angeles, said Tuesday on CNBC’s “Squawk Box” that he expects incoming cargo volume to slide by more than a third next week compared with the same period in 2024.

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