AT the Port of Los Angeles, the once-bustling activity of cranes unloading containers from Asia has significantly slowed, signaling a potential economic downturn under President Donald Trump’s trade policies.
Port Director Gene Seroka noted the unusual quiet, indicating a drop in cargo volumes. The Port of Los Angeles and the nearby Port of Long Beach serve as major gateways for goods, and both are experiencing a decline in imports due to Trump’s tariffs.
For the week of 4 May, the Port of Los Angeles expects a 35 per cent decrease in cargo compared to last year, while Long Beach anticipates a 30 per cent drop for the entire month.
Many retailers and manufacturers have halted shipments, leading to empty shelves and rising prices.
The tariffs, which have affected trade across the US, are causing concern among logistics workers like Antonio Montalbo, who faces rising costs for parts and potential layoffs.
Montalbo, who initially supported Trump, now feels betrayed by the economic impact of the tariffs, stating, “Now we have something worse than inflation, called tariffs.” The situation threatens to reduce consumer choices and increase prices nationwide. — AFP
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