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... The Port of Los Angeles processed 716,619 Twenty-Foot Equivalent Units (TEUs) 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.

"May marked our lowest monthly cargo output in over two years," Port of Los Angeles Executive Director Gene Seroka said at a media briefing. "While May volume is typically stronger than April as we approach our traditional peak season, our imports dropped 19% compared to last month.

"Unless long-term, comprehensive trade agreements are reached soon, we'll likely see higher prices and less selection during the year-end holiday season," Seroka added. "The uncertainty created by fast-changing tariff policies has caused hardships for consumers, businesses and labor." ...