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[quote=Anonymous][quote] the Port of Los Angeles, which, along with the Port of Long Beach, receives roughly 40% of all imports from Asia, shipments last week were down 10% compared with the same period one year earlier. That number is expected to keep falling.

"We are now beginning to see the flow of cargo to the Port of Los Angeles slow," Port of Los Angeles executive director Eugene Seroka said at a Los Angeles Board of Harbor Commissioners meeting on April 24. "It's my prediction that in two weeks time, arrivals will drop by 35%," he added.
S. retailers had rushed to import goods into the country ahead of President Trump's sweeping tariffs going into effect, leading to a spike in imports since last summer. Now, with the 145% tariffs making goods from China roughly two-and-a-half times more expensive than they were last year, "essentially all shipments out of China for major retailers and manufacturers have ceased," Seroka said.

By another estimate, container bookings from China to the U.S. are down by as much as 60%, according to Flexport, a supply chain management company.

The dip comes during what is usually a busy period for imports to the U.S. "We would normally see an increase in bookings across the board, because this is the beginning of the shipping year," said Nathan Strang, director of ocean freight at Flexport. "It's when back-to-school items and Halloween items start to come in."[/quote]
https://www.cbsnews.com/news/china-exports-to-us-drop-sharply/[/quote]

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