financetom
Business
financetom
/
Business
/
Los Angeles seaport June imports rebound as tariff worries loom over US holiday season
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Los Angeles seaport June imports rebound as tariff worries loom over US holiday season
Jul 14, 2025 12:20 PM

LOS ANGELES, July 14 (Reuters) -

Imports to the busiest U.S. seaport in Los Angeles rebounded

strongly in June as retailers moved to stock up on goods for the

holiday shopping season amid fears of higher tariffs.

The Port of Los Angeles handled 470,450 20-foot equivalent

units (TEUs) of incoming cargo last month after the U.S. reached

a tariff truce with China. That was almost 10% higher than a

year ago and contributed to record total volume for the month,

Port of Los Angeles Executive Director Gene Seroka said.

The June surge "highlights the tariff whipsaw effect"

from U.S. tariff policy, Seroka said. Last month's result was up

32% from May, when short-lived 145% import duties on China

pummeled that trade.

"We're seeing a peak season push right now to bring in

goods ahead of potentially higher tariffs later this summer," he

said, noting that year-end holiday cargo orders should already

be in with China manufacturers.

"What's going to be on its way is what we're going to

get. It's too late to try to negotiate orders at this point in

time for that year-end product."

Due to potential tariff increases and order timing, U.S.

ocean imports are likely to start dropping later this summer.

The National Retail Federation (NRF) has forecast double-digit

percentage declines in U.S. imports from August through

November.

President Donald Trump on Saturday threatened to impose

a 30% tariff on imports from Mexico and the European Union

beginning August 1, in the latest escalation of his trade war.

Los Angeles-based Yedi Houseware already has raised

prices about 10% and absorbed the rest of the tariff cost,

President Bobby Djavaheri said.

The company supplies China-made air fryers, rice cookers

and other kitchen goods to retailers including TJ Maxx

and Ross Dress for Less. Like many others, it is

prioritizing products - referred to as stock keeping units

(SKUs) - that sell quickly and reap the highest profits.

When it comes to Yedi's small electronics, "half of the

SKUs won't be available this year," Djavaheri said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Keyera Sanctions KAPS Zone 4 Pipeline Extension
Keyera Sanctions KAPS Zone 4 Pipeline Extension
Jun 9, 2025
07:52 AM EDT, 06/09/2025 (MT Newswires) -- Keyera ( KEYUF ) reported Monday the formal sanctioning of the KAPS Zone 4 extension of its existing KAPS pipeline, strengthening the company's connectivity to the liquids-rich Montney regions of northeast British Columbia and northwest Alberta. The company expects the 85-kilometer extension to cost $220 million, which includes investments in additional pumping capacity...
Honeywell International Completes Acquisition of Sundyne
Honeywell International Completes Acquisition of Sundyne
Jun 9, 2025
07:42 AM EDT, 06/09/2025 (MT Newswires) -- Honeywell International ( HON ) said Monday it has completed the acquisition of Sundyne from private equity firm Warburg Pincus in an all-cash transaction valued at $2.16 billion. Honeywell ( HON ) said the acquisition is expected to be immediately accretive to its sales growth, segment margins, and adjusted earnings per share in...
Singapore's Grab denies reports of talks with Indonesia's GoTo for a potential deal
Singapore's Grab denies reports of talks with Indonesia's GoTo for a potential deal
Jun 9, 2025
June 9 (Reuters) - Singapore-based ride-hailing and delivery company Grab said on Monday it was not in any talks on a potential deal with smaller Indonesian rival GoTo . Reuters reported last month that Nasdaq-listed Grab was looking to strike a deal to buy GoTo in the second quarter and had hired advisers to work on the proposed deal, citing...
Copyright 2023-2026 - www.financetom.com All Rights Reserved