The first boats carrying Chinese goods with 145% tariffs are arriving in LA. Shipments are cut in half. Expect shortages
Source: CNN
The drop-off in imports from China on the boats now coming into port is more than 50%, Seroka said. Many importers have canceled previous orders because US businesses aren’t interested in paying the steep tariff, which can more than double the price of Chinese goods.
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“And you still don’t know how long this is going to last,” Seroka warned. “Retailers and importers alike are telling me that the products now cost about two and a half times more than they did just last month.”
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”A 60% decline in containers means 60% less stuff arriving,” Petersen told CNN’s Pamela Brown Tuesday. “It’s only a matter of time before they sell through existing inventory, and then you’ll see shortages. And that’s when you see price hikes.”
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“If this goes on for a few more weeks, (retailers will) sell through that inventory and by the summertime, you’ll have shortages and empty shelves,” Petersen told CNN last week.
Read more: https://www.cnn.com/2025/05/06/business/tariffs-price-increases-shortages-ports
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