DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Boss of Biggest US Port Predicts When Tariffs Could Bite Consumers

May 3, 2025
in News, U.S.
Boss of Biggest US Port Predicts When Tariffs Could Bite Consumers
498
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

American importers currently have around “five to seven weeks of normal inventory” stockpiled according to Port of Los Angeles Director Gene Seroka.

After that, he expects consumers to face “less choice and higher prices” due to President Trump’s tariffs, Seroka told AFP news agency.

Newsweek contacted the Port of Los Angeles and the Department of Commerce for comment on Saturday via email on Saturday outside of regular office hours.

Why It Matters

President Trump was elected in November on a platform that included cutting inflation, so any price rises could be difficult for him politically.

In the longer term Trump argues the tariffs will boost manufacturing in the U.S. and slash the country’s trade deficit with certain foreign powers, though critics argue it will lower economic growth and living standards, and boost inflation.

What To Know

“American importers, especially in the retail sector, are telling me that they have about five to seven weeks of normal inventory on hand today,” Seroka told AFP.

He added: “If this trade dispute goes on for any length of time, we’ll likely see fewer selections on store shelves and online buying platforms.

“The impact on American consumers will be less choice and higher prices. The American consumer is going to get hit right in the wallet.”

The Port of Los Angeles and the Port of Long Beach are two of the main points by which Chinese imports in particular enter the United States.

According to Seroka the Port of Los Angeles received 35 percent less cargo during the week of May 4 than during the same period in 2024. The Port of Long Beach said it expects imports to be down 30 percent in May compared to last year.

Seroka noted that many importers had brought additional goods into the U.S. at the start of the year in a bid to preempt Trump’s sanctions, giving them a cushion of goods.

However, he noted they are now eating into this, adding: “Many retailers and manufacturers alike have hit the pause button, stopping all shipments from China.”

Trump imposed biting tariffs targeting most of America’s trading partners on April 2, which he dubbed “liberation day.” Most of these were later paused for 90 days and replaced with a flat 10 percent rate, rising to 25 percent for automobile imports.

However in a series of tit-for-tat escalations Trump raised tariffs on imports from China to 145 percent, with his administration claiming some Chinese products would face tariffs of 245 percent once other charges were included. In response Beijing imposed a 125 percent tariff on imports from the U.S.

In 2024 the U.S. imported approximately $438.9 billion worth of goods from China according to government figures.

Earlier this week financial data was released showing the U.S. economy shrank during the first quarter of 2025, raising fears of a recession.

What People Are Saying

Referring to the Port of Los Angeles Seroka said: “You could hear a pin drop, it’s very unusual.”

Speaking to AFP, Long Beach Port Director Mario Cordero said: “This is not just a West Coast issue. It affects every port, whether it’s in the East or in the Gulf.”

What Happens Next

On Friday China said it is ready to hold trade talks with the U.S. If tariffs are cut significantly trade levels between China and the U.S. would likely increase, but its unclear whether retailers have enough stocks to prevent some shortages.

The post Boss of Biggest US Port Predicts When Tariffs Could Bite Consumers appeared first on Newsweek.

Share199Tweet125Share
Powerful firefighter union endorses tax cuts in Trump’s ‘big beautiful’ bill: ‘Common sense’
News

Powerful firefighter union endorses tax cuts in Trump’s ‘big beautiful’ bill: ‘Common sense’

by New York Post
June 3, 2025

The largest labor union for firefighters and emergency service workers in North America is giving the tax provisions in the ...

Read more
News

Israeli Army Stops Press Tour Of Oscar-Winning ‘No Other Land’ Villages

June 3, 2025
News

The Sound of Earth’s Magnetic Flip Is Seriously Unsettling

June 3, 2025
News

National Park Service to Close Dupont Circle in Washington During Pride Event

June 3, 2025
News

How Low Will the Dollar Go?

June 3, 2025
Susan Collins’ Chances of Losing Maine Senate Election, According to Polls

Susan Collins’ Chances of Losing Maine Senate Election, According to Polls

June 3, 2025
The one rule that decides virtually every NBA champion won’t be broken this year

The one rule that decides virtually every NBA champion won’t be broken this year

June 3, 2025
Humanity Can Quit Fossil Fuels—but Not Food

Humanity Can Quit Fossil Fuels—but Not Food

June 3, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.