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| Economy |
| Port of Los Angeles reports highest capacity in 117 years due to Trump tariffs |
| 2025-08-15 |
| Direct Translation via Google Translate. Edited. [Regnum] July turned out to be the busiest month in the history of the Port of Los Angeles due to duties previously announced by US President Donald Trump. This was stated by the press service of the harbor. The text says that more than a million 20-foot containers have already passed through the port, which is 8.5% more than in the same period last year. It is noted that traders and manufacturers rushed to deliver their cargo as quickly as possible, fearing higher duties at the end of the year. "The port terminals were overcrowded with ships in July," said Port of Los Angeles Executive Director Gene Seroka. He added that despite the huge volume of work, the harbour staff managed to process all cargo without delays. Since August 7, Trump has imposed tariffs of 15% to 41% on goods arriving from 69 EU countries. Countries affected by the new restrictions were offered to conclude a trade deal with the US to avoid the tariffs. On August 6, the United States imposed a 25% tariff on imports from India. The decision was motivated by the republic’s oil purchases from Russia. In addition, the US has introduced duties on gold imports into the country. Now, arriving gold bars weighing 1 kg and 100 ounces must be classified according to a customs code, which is subject to duties. Experts believe that such a decision could lead to global changes in the world market for precious metals and deal a blow to the economy of Switzerland, which has become an international center for gold processing. |
| Posted by:badanov |
| #2 BTW: 117 Years ago (1900's) the port of LA and rail traffic had, and could handle that many ship loads coming in? |
| Posted by: NN2N1 2025-08-15 06:40 |
| #1 But is that excess supply lowering or jacking up prices. Because at wally world and Sam's we are seeing 10 to 25+% increases in food prices in just 3 months and the unusual early heavy discounts for season items. |
| Posted by: NN2N1 2025-08-15 04:56 |