Port of LA imports sank 19% in May vs April, with no major rebound expected
- Imports to Los Angeles declined to just 355,950 teu in May, the lowest monthly total since April 2023
- Port of LA’s Seroka expects imports to peak in July, followed by weaker second half versus 2024; cargo flow should be ‘modest’ through year-end
- Economist Ernie Tedeschi sees a 14% negative drag on import volumes due to current US tariff policy
Tariffs are already having a highly negative effect on business at the Port of Los Angeles. May was extremely weak. The ‘status quo’ for tariffs looks like it will prevail; if so, imports will face headwinds for the rest of the year
