In May, U.S. seaborne imports from China plummeted 28.5% year-over-year, marking the most significant decline since the pandemic onset, driven by President Trump's installed tariffs. This decline impacted major ports on the West Coast, particularly Los Angeles and Long Beach, which saw reductions of 31.6% and 29.9%, respectively. Amidst ongoing trade tensions, the U.S. and China temporarily agreed to pause punitive tariffs, speculated to allow for a slight rebound in imports, though businesses are reassessing their sourcing strategies due to rising costs.
U.S. seaborne imports of goods from China experienced a steep decline of 28.5% in May, showcasing the significant impact of tariffs and policy changes.
The effects of U.S. policy shifts with China are clearly visible in monthly trade flows, as indicated by the 7.2% overall decline in seaborne imports.
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