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Drudge Retort: The Other Side of the News
Friday, June 13, 2025

May Imports Drop 9% Year-Over-Year, 19% Decline From April

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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." ...


#1 | Posted by LampLighter at 2025-06-13 03:31 PM | Reply

These numbers seem to confirm the upsurge in imports before the tariffs took place, as reflected in the US Trade Deficit.

Other headlines ...

FEBRUARY CARGO VOLUME STAYS STRONG AT PORT OF LOS ANGELES (March 19, 2025)
www.portoflosangeles.org

(yeah, they seem to prefer all-caps, which I won't change going forward)

MARCH VOLUME SHOWS SUSTAINED GROWTH AT PORT OF LOS ANGELES (April 11, 2025)
www.portoflosangeles.org

APRIL PORT OF LOS ANGELES VOLUME ROBUST AHEAD OF DROP COMING FROM TARIFFS (May 19, 2025)
www.portoflosangeles.org

... We've had nearly two years of robust volume, including 10 straight months of year-over-year growth," Port of Los Angeles Executive Director Gene Seroka told more than 90 journalists at a media briefing. "A strong economy and high consumer confidence propelled that growth early on, while more recently it's been the push by importers to bring cargo in ahead of today's tariffs.

"Moving forward -- at least for the short term -- we will see a softening of global trade during this period of elevated tariffs and uncertainty," Seroka added. ...

#2 | Posted by LampLighter at 2025-06-13 07:08 PM | Reply

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