LOS ANGELES, Sept 17 (Reuters) - U.S. retailers have
wrapped up imports of holiday goods at least a month early in a
bid to limit costs tied to President Donald Trump's evolving
tariff policies, the top executive at the nation's busiest
seaport said on Wednesday.
"Much of the year-end holiday cargo has already arrived and
is working its way through the national supply chain system,"
said Port of Los Angeles Executive Director Gene Seroka.
The traditional retail-led holiday surge ahead of Christmas,
known as the peak season, came early, he said.
Retailers account for about half of the volume at the Port
of Los Angeles. In July, the port notched the highest total
monthly cargo volume in its 117-year history with 1,019,837
20-foot equivalent units (TEUs) handled by dockworkers.
August total volume was 958,355 TEUs, down 0.2% from a year
ago, at the Port of Los Angeles.
Seroka expects import volume to ease through the remainder
of the year. September is shaping up to be roughly 850,000 TEUs,
about 10% softer than a year earlier, he said.
Several trends are pointing to a ho-hum 2025 holiday season,
forecasters said.
The National Retail Federation, representing companies like
Walmart ( WMT ) and Target ( TGT ), this month said it expected
container imports to steadily decline for the remainder of the
year due to rising U.S. tariffs.
"Shifting trade policies continue to create uncertainty for
businesses and consumers," said Mario Cordero, CEO of the Port
of Long Beach, which abuts the Port of Los Angeles.
That is contributing to slowing job growth and lingering
inflation, which are making importers and consumers just a
little more cautious, Seroka said.
U.S. retail sales increased more than expected in August,
marking the third consecutive month of gains against the
backdrop of a tariff-fueled price increases.
But a PricewaterhouseCoopers survey released this month
showed that holiday spending by U.S. consumers is set for its
steepest drop since the pandemic as shoppers - particularly Gen
Z - pull back amid economic uncertainty.