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Containers Ports and Logistics Political Risk and Trade

Scepticism mounts on theory that tariff pause will spark US import boom

  • Port of Los Angeles executive director Gene Seroka does not foresee cargo ‘deluge’ after US-China tariff pause and predicts more ‘muted’ peak season in 2025 vs 2024
  • Tariff rates are ‘still very much elevated’, which should limit upside for US imports
  • Both Los Angeles and Long Beach have reported exceptionally strong import levels in first four months of 2025, implying heavy frontloading, which should curb future demand

  • Analysis

There was investor euphoria last week with many believing US imports would skyrocket after US President Donald Trump brought down incremental China tariffs from 145% to 30%. The current view from the Port of Los Angeles is considerably less euphoric

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