- “It’s a precipitous drop in volume with a number of major American retailers stopping all shipments from China based on the tariffs,” said Gene Seroka, executive director of the Port of Los Angeles.
- Shipments from China make up about 45% of the business for the port, though some transport companies will be looking to pick up goods at other points in Southeast Asia to try to fill up their ships, Seroka said.
- Data on shipments out of China had already started to signal slowing trade volume to the U.S., alarming some economists.