• Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Steakhouse EURCV Morpho VaultSteakhouse EURCV Morpho Vault(STEAKEURCV)$0.000000-100.00%
  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.51-4.18%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • bitcoinBitcoin(BTC)$108,508.002.10%
  • ethereumEthereum(ETH)$2,576.821.91%
  • VNST StablecoinVNST Stablecoin(VNST)$0.0000400.67%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.300.48%
  • binancecoinBNB(BNB)$659.870.98%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • solanaSolana(SOL)$156.561.84%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1876681.17%
  • tronTRON(TRX)$0.2855720.74%
  • cardanoCardano(ADA)$0.681.71%
  • staked-etherLido Staked Ether(STETH)$2,573.801.80%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$108,364.002.13%
  • HyperliquidHyperliquid(HYPE)$38.155.76%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.46%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • SuiSui(SUI)$3.373.88%
  • Wrapped stETHWrapped stETH(WSTETH)$3,102.751.96%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • chainlinkChainlink(LINK)$14.071.67%
  • avalanche-2Avalanche(AVAX)$21.421.85%
  • leo-tokenLEO Token(LEO)$9.240.74%
  • bitcoin-cashBitcoin Cash(BCH)$424.742.08%
  • stellarStellar(XLM)$0.270188-0.31%
  • ToncoinToncoin(TON)$3.292.97%
  • shiba-inuShiba Inu(SHIB)$0.0000130.64%
  • hedera-hashgraphHedera(HBAR)$0.1749912.27%
  • USDSUSDS(USDS)$1.00-0.01%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,671.07-2.84%
  • wethWETH(WETH)$2,576.211.87%
  • litecoinLitecoin(LTC)$88.960.98%
  • Wrapped eETHWrapped eETH(WEETH)$2,753.181.85%
  • polkadotPolkadot(DOT)$4.080.17%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • moneroMonero(XMR)$325.66-0.15%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.01%
  • PengPeng(PENG)$0.60-13.59%
  • Ethena USDeEthena USDe(USDE)$1.00-0.02%
  • Bitget TokenBitget Token(BGB)$4.690.46%
  • PepePepe(PEPE)$0.0000123.11%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Port of Los Angeles seeing sharp drop in cargo ships

June 9, 2025
in Business
Reading Time: 4 mins read
A A
Port of Los Angeles seeing sharp drop in cargo ships
ShareShareShareShareShare

Shipping activity at major West Coast ports has plummeted, with the Port of Los Angeles averaging just five ships a day — down from a typical dozen — and job orders for dockworkers falling by nearly 50%, according to port officials.

On a typical June day, the Port of Los Angeles would be buzzing with activity — about a dozen ships arriving from Asia, containers being unloaded, and cargo moving quickly across the country.

But lately, things have been eerily quiet.

Shipping activity at major West Coast ports has plummeted, with the Port of Los Angeles averaging just five ships a day — down from a typical dozen. Getty Images

“We’ve averaged about five ships a day,” Gene Seroka, executive director of the Port of Los Angeles, told Bloomberg News.

“Job orders for our dock workers are down nearly 50%.”

That drop isn’t just a temporary blip. It’s part of a larger slowdown linked to President Donald Trump’s trade war with China — a policy shift that’s been quietly wreaking havoc on West Coast port cities like Los Angeles, Long Beach, Oakland, Seattle and Tacoma.

While most of the attention around tariffs has focused on rising prices and stock market swings, the economic damage to these cities has gone under the radar.

These ports depend heavily on trade with Asia, especially China.

And now, because of increased tariffs and uncertainty in US-China relations, the flow of goods has slowed dramatically — with real consequences for jobs, businesses and local economies.

Even a recent truce between the two countries has done little to reverse the trend. Data released Monday by the Chinese government showed that exports to the US tumbled 35% in May compared to the year before — the steepest drop since COVID lockdowns froze trade in early 2020.

A container ship is docked at the Port of Los Angeles. Job orders for dockworkers fell by nearly 50%, according to port officials. Getty Images

That followed a 21% drop in April. While China’s shipments to places like Southeast Asia and Europe are on the rise, they haven’t been enough to balance out the loss in US-bound cargo. All told, China’s overall exports rose just 4.8% last month, well below forecasts.

The effects of the slowdown in Chinese exports are being felt across the Pacific.

Long Beach — along with Los Angeles — operates the biggest port complex in the US. Roughly 60% of its trade is with China.

Start and end your day informed with our newsletters

Morning Report and Evening Update: Your source for today’s top stories

Thanks for signing up!

In 2022 alone, the ports pumped about $300 billion into the Los Angeles County economy and brought in $93 billion in tax revenue.

YOU MAY ALSO LIKE

Elite universities offer to spend endowment cash to stave off tax hit: report

Lawyers urging ‘caution’ on antitrust remedies in Google search trial have cozy ties to Big Tech

One in five jobs in the region — from truck drivers to warehouse workers — is tied to the ports. More than 70% of dockworkers live within 10 miles.

But with fewer ships arriving, the impact is spreading. The Port of Oakland saw cargo volumes fall 15% in April. Los Angeles has already had 17 ship cancellations in May, and another 10 were scrapped in June.

New government data also shows a sharp nationwide drop in imports.

Mayor Rex Richardson of Long Beach told Bloomberg News that his city, home to about 450,000 people, is especially vulnerable.

President Trump initiated a trade war with China and other nations after introducing tariffs. REUTERS

He fears that trade-related companies near the port won’t hire as they normally do this summer.

“We need certainty,” Richardson said.

“We need long-range trade policy. We don’t think that is a controversial idea.”

But certainty is in short supply. Trump recently accused China of violating trade agreements and slapped even higher tariffs on steel and aluminum — now up to 50%.

Meanwhile, West Coast leaders like Seroka say their attempts to engage with the federal government have gone nowhere. Despite serving on an advisory panel for the US Trade Representative’s Office, Seroka says his calls to the Trump administration have been ignored.

Instead, he’s been holding regular press conferences to sound the alarm.

On Wednesday, he stood alongside Los Angeles City Council member Tim McOsker, who represents the port district. McOsker didn’t hold back, saying: “This is a mistake for absolutely no reason. There’s no one who can describe why we’re going through this.”

Trump is seen left with Chinese President Xi Jinping in 2019. Chinese exports have plummeted. REUTERS

Los Angeles Mayor Karen Bass was also critical of the tariffs, saying: “It’s a tax on individuals and their families.”

Seroka warned that the pain won’t stay confined to California.

Since ports are on the front line of the economy, they feel shocks early — before the ripple effects hit stores, factories and households across the country.

“As the Ports of Los Angeles and Long Beach go,” Seroka said, “so goes the US economy.”

The Post has sought comment from the White House.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Elite universities offer to spend endowment cash to stave off tax hit: report
Business

Elite universities offer to spend endowment cash to stave off tax hit: report

June 9, 2025
Lawyers urging ‘caution’ on antitrust remedies in Google search trial have cozy ties to Big Tech
Business

Lawyers urging ‘caution’ on antitrust remedies in Google search trial have cozy ties to Big Tech

June 9, 2025
Exercise item BowFlex sold at Costco recalled after more than 100 injuries reported
Business

Exercise item BowFlex sold at Costco recalled after more than 100 injuries reported

June 9, 2025
Westinghouse pursuing US nuclear expansion with 10 large reactors after Trump orders: report
Business

Westinghouse pursuing US nuclear expansion with 10 large reactors after Trump orders: report

June 9, 2025
Next Post
Women Proposing to Men, Resentful Pursuers, Ghosting Lies, Shady Lunch Dates + More – #DT

Women Proposing to Men, Resentful Pursuers, Ghosting Lies, Shady Lunch Dates + More - #DT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
My Fiancée Doesn’t Actually Know How Wealthy I Am

My Fiancée Doesn’t Actually Know How Wealthy I Am

June 5, 2025
Samsung and Perplexity Near AI Deal

Samsung and Perplexity Near AI Deal

June 6, 2025
20-ft basking shark spotted off Rhode Island

20-ft basking shark spotted off Rhode Island

June 9, 2025

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!