August trade volumes at the busiest container gateway in the US held near an all-time record set in July but are set to drop by 10% this month as President Donald Trump’s tariffs bite and trade war uncertainty continues to mount.
“We’ve already seen the peak of the peak,” Port of Los Angeles Executive Director Gene Seroka told reporters at a press conference on Wednesday. “I expect container volume to ease through the rest of the year, especially against last year’s unusually high comps.”
US importers rushed to bring in goods through the end of 2024 — well after the typical peak season — in a race to get ahead ...