
(Adds data on vision on containers reservations in paragraph 8, Los Angeles port Import and export data in paragraphs 9 and 11)
Los Angeles, April 11 (Reuters) – Imports into the busiest US navy port could fall as soon as possible, as the company stops in response to President Donald Trump’s escalation tariffs to China and other business partners, said Port of Los Angeles, Gene Seroc, Executive Director.
Trump increased the tariffs to goods produced in China to 145%this week.
The adjacent ports in Los Angeles and Long Beach are the most exposed to the boiling trade war between the two largest global economies. These ports in South California are preferred entry gates for goods from China, which is a source of import no. 1.
“Global trade slows down when companies try to find out what it means,” said Seroka, who also repeated her prognosis for imports in the port of Los Angeles to decrease at least 10%in the second half of this year.
“It can be more than that, we just don’t know,” Seroka said.
US imports have grown to almost record level this year as American society
Goods before the expected tariffs of trumps.
Now these importers issue orders from China
. They hope that cooler heads prevail and that tariffs will be reduced.
American import reservations on massive container ships dropped by 64% from 24 to 1.-8. March to 1.-8. April, the week of Trump announced “reciprocal” tariffs on the lines of countries, said the provider for monitoring containers. Imports from China fell by 36% during this period – before Trump deposited Chinese tariffs and suspended “mutual” tariffs that exceeded 10% according to these data.
On Wednesday, Serok said in Los Angeles porting 385,531 equivalent units in March, 20 feet (TEUS), 1.6% more than the previous year, because the divided load continued.
China represents 45% of its import volume in the port.
The export in March fell by 15% to 122,975 TEU, which was worried about the agriculture of the port and the exporters of the production, because the retaliation tariffs will be kept, Seroka said.
On Friday, China slapped 125% of American goods and called Trump’s tariffs an increase in “joke”. At the same time, the Chinese retail giant JD.com launched a fund worth more than $ 27 billion to help the exporters of this country find home buyers for their goods.
“Turn off, it will be really bumpy for us,” Seroka said. (Report Lisa Baertlein in Los Angeles; Editing Deepa Babington and Andrea Ricci)
(Tagstotranslate) Imports