Trade tensions between the U.S. and China may be cooling slightly thanks to a 90-day tariff war truce,

but the economic fallout is still rippling through one of the country's busiest ports.

At the port of Los Angeles, incoming cargo is down some 25%.

And this matters because the port plays a major role in the global supply chain,

and a slowdown affects everything

from store shelves and prices to American jobs. We're joined now by Gene Soroka, executive director

of the port of Los Angeles. Thanks for being here.

Good evening, Jeff. So tell me more about how the U.S. tariffs on imports, especially from China, have affected the overall

cargo volume at your port.

Jeff, at the port of Los Angeles, for the month of May, we were expecting 80 ships to arrive

with cargo from Asia, and we had 17 canceled.

The cargo volume will be down precipitously for four weeks, beginning last and continuing on. And what that means for us is fewer job opportunities for our dock workers,

truckers, and warehouse folks in and around the port complex. It's also going to put a strain on seasonal products on store shelves across the nation,

as the cargo that moves through our port reaches each one of our country's 435 congressional districts.

The 90-day trade war truce, I mean, how will that affect things at the port and how soon do you expect to see the

impact?

Well, it was welcome news out of Geneva over the weekend, more probably than some would have anticipated.

But, Jeff, 90 days is not a long runway in our business.

Typically, that's about the amount of time it takes for a buyer here in the U.S.

to put an order into a factory in Asia, have the product made, and then get it ready to be shipped out.

Some will try to pick up cargo that's already been manufactured and get it here to the United States through the port of Los Angeles.

And others are simply doing the financial analysis and wagering whether this 30% tariff

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