4.8 • 1.3K Ratings
🗓️ 21 May 2025
⏱️ 8 minutes
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The Port of Los Angeles says 20% of container shipments this month were canceled in the wake of President Donald Trump's tariffs. Even though those tariffs were temporarily lowered, June is also looking to be a light month for shipping into that port. We'll hear what could be ahead, as well as how U.S. companies are responding to all the tariff back-and-forth. Also: What will the GOP's tax bill mean for taxpayers' bottom line?
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0:36.3 | Tariffs may be less high, but they're still disrupting supply chains for a marketplace. |
0:42.9 | I'm Sabri Beneshore, in for David Bruncaccio. |
0:44.9 | The port of Los Angeles says 20% of container shipments this month were canceled in the wake of President Trump's tariffs. |
0:50.8 | Even though those tariffs were temporary lowered, June is also looking to be a light month for |
0:55.0 | shipping into that port. But after the low, there may be a surge. Judeo Levine is head of research |
1:00.1 | at logistics company, Fratos. The pause and ordering from China to the U.S. that we saw |
1:05.1 | since those higher tariffs were introduced in April is probably going to reverse right now. We're going to |
1:10.7 | see quite a strong rebound in demand for, you know, importers that had really paused |
1:15.3 | imports to a large extent over the last month. Levin says this should help limit shortages of some |
1:21.3 | goods, but it's all been very confusing and disruptive for a lot of U.S. businesses. Marketplaces |
1:26.3 | Mitchell Hartman has more on that. |
1:28.5 | The global credit insurer Allianz trade recently surveyed 4,500 exporting firms in the U.S., Europe, |
1:35.7 | and Asia. It found more than six in ten U.S. firms planned to reroute supply chains from |
1:41.6 | China to avoid tariffs, shifting primarily to suppliers in Western Europe |
1:46.1 | and Latin America. More than half plan to increase prices to offset tariff costs. Senior economist |
1:53.2 | Maxime Darmé says there may be some reshoring to the U.S. in high-value-added sectors like |
2:00.1 | automaking, semiconductors, and pharmaceuticals, but in high-value-added sectors like automaking, semiconductors, and pharmaceuticals. |
2:02.8 | But in low-value-added sectors... |
2:05.3 | Toymaking, textiles. There's no way they're going to resort to the U.S. because the labor cost is |
... |
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