The China Mail - Trump's tariffs bite at quiet US ports

USD -
AED 3.672503
AFN 65.999611
ALL 83.303098
AMD 382.090054
ANG 1.790352
AOA 917.000036
ARS 1408.512197
AUD 1.523991
AWG 1.8025
AZN 1.635047
BAM 1.68937
BBD 2.014244
BDT 122.111228
BGN 1.683595
BHD 0.377011
BIF 2950
BMD 1
BND 1.30343
BOB 6.910223
BRL 5.286395
BSD 1.000082
BTN 88.671219
BWP 14.25758
BYN 3.410338
BYR 19600
BZD 2.011289
CAD 1.399835
CDF 2137.500953
CHF 0.795703
CLF 0.023666
CLP 928.409993
CNY 7.112749
CNH 7.09757
COP 3706.75
CRC 502.36889
CUC 1
CUP 26.5
CVE 95.375022
CZK 20.83635
DJF 177.719781
DKK 6.432165
DOP 64.399508
DZD 130.122672
EGP 47.163004
ERN 15
ETB 153.593972
EUR 0.86137
FJD 2.27435
FKP 0.76162
GBP 0.76053
GEL 2.699631
GGP 0.76162
GHS 10.965026
GIP 0.76162
GMD 73.500235
GNF 8685.000072
GTQ 7.664334
GYD 209.232018
HKD 7.77095
HNL 26.309862
HRK 6.4906
HTG 130.904411
HUF 330.6755
IDR 16727.35
ILS 3.209425
IMP 0.76162
INR 88.71035
IQD 1310
IRR 42112.504675
ISK 126.610006
JEP 0.76162
JMD 160.817476
JOD 0.709017
JPY 154.715008
KES 129.343302
KGS 87.449854
KHR 4019.999929
KMF 427.495038
KPW 900.002739
KRW 1466.109666
KWD 0.30677
KYD 0.833377
KZT 524.809647
LAK 21695.000019
LBP 89572.717427
LKR 304.582734
LRD 181.999767
LSL 17.244977
LTL 2.95274
LVL 0.60489
LYD 5.460043
MAD 9.2825
MDL 16.941349
MGA 4499.999692
MKD 53.084556
MMK 2099.574422
MNT 3579.076518
MOP 8.005511
MRU 39.850226
MUR 45.795179
MVR 15.40499
MWK 1736.000068
MXN 18.26696
MYR 4.128988
MZN 63.959868
NAD 17.245038
NGN 1442.089802
NIO 36.769907
NOK 10.053455
NPR 141.874295
NZD 1.765275
OMR 0.384495
PAB 1.000073
PEN 3.369022
PGK 4.119907
PHP 58.885022
PKR 280.749785
PLN 3.641945
PYG 7057.035009
QAR 3.640902
RON 4.379104
RSD 100.922982
RUB 80.597938
RWF 1450
SAR 3.749989
SBD 8.237372
SCR 13.90138
SDG 600.502368
SEK 9.415698
SGD 1.300945
SHP 0.750259
SLE 23.375012
SLL 20969.50093
SOS 571.497413
SRD 38.556505
STD 20697.981008
STN 21.45
SVC 8.750858
SYP 11056.921193
SZL 17.244989
THB 32.320214
TJS 9.260569
TMT 3.5
TND 2.952504
TOP 2.40776
TRY 42.252097
TTD 6.781462
TWD 31.0943
TZS 2440.000156
UAH 42.073999
UGX 3625.244555
UYU 39.767991
UZS 12004.999953
VES 233.26555
VND 26330
VUV 122.187972
WST 2.81293
XAF 566.596269
XAG 0.018554
XAU 0.000236
XCD 2.70255
XCG 1.802343
XDR 0.704774
XOF 564.999889
XPF 103.250077
YER 238.496786
ZAR 16.99858
ZMK 9001.199706
ZMW 22.426266
ZWL 321.999592
  • GSK

    0.2500

    48.32

    +0.52%

  • RIO

    0.3450

    71.45

    +0.48%

  • NGG

    -0.4750

    77.545

    -0.61%

  • AZN

    0.5100

    88.19

    +0.58%

  • CMSC

    -0.0700

    24.01

    -0.29%

  • RELX

    0.1100

    41.49

    +0.27%

  • RYCEF

    -0.0700

    14.96

    -0.47%

  • RBGPF

    -0.0500

    78.47

    -0.06%

  • CMSD

    0.2300

    24.55

    +0.94%

  • SCS

    0.0050

    15.76

    +0.03%

  • VOD

    -0.0150

    12.355

    -0.12%

  • JRI

    -0.0370

    13.803

    -0.27%

  • BCE

    0.1090

    22.884

    +0.48%

  • BCC

    0.2400

    70.46

    +0.34%

  • BP

    0.1150

    36.975

    +0.31%

  • BTI

    -0.3420

    55.475

    -0.62%

Trump's tariffs bite at quiet US ports
Trump's tariffs bite at quiet US ports / Photo: © AFP

Trump's tariffs bite at quiet US ports

At the Port of Los Angeles, the frenetic choreography of cranes unloading containers from Asia has slowed to a tiptoe, and the noise of the busiest docks in the US is quieting.

Text size:

"You could hear a pin drop, it's very unusual," Port Director Gene Seroka told AFP.

By this unofficial barometer, the American economy faces slowdown under US President Donald Trump amid his trade war with China.

Along with the next-door Port of Long Beach, the area represents the biggest gateway in the United States for goods from China and the rest of Asia.

That has made it among the first victims to a burgeoning crisis threatening to disrupt the lives of millions of Americans.

Trump's on-again-off-again tariffs -- and the retaliation launched by other countries -- has cowed importers, whose usual orders for furniture, toys, and clothing have dwindled.

For the week of May 4, the Port of Los Angeles will receive up to 35 percent less cargo compared with the same period last year, Seroka said.

The Port of Long Beach says for the entire month of May it is expecting a 30 percent drop in imports.

Dozens of ships have cancelled their voyages to these ports.

"Many retailers and manufacturers alike have hit the pause button, stopping all shipments from China," said Seroka.

The Asian manufacturing giant is the hardest hit by Trump's tariffs, with levies as high as 145 percent on some goods. Sales of Chinese goods to the US last year totaled more than $500 billion, according to Beijing.

And while sales may not be going up this year, prices undoubtedly will.

"Effectively, the cost of a product made in China now is two and a half times more expensive than it was just last month," said Seroka.

- Empty shelves -

Trump last month announced a range of differing tariffs against nearly all countries in the world -- including an island populated mostly by penguins -- using a formula that baffled economists.

He reversed course a few days later and left a blanket 10 percent rate against most of the planet.

That extra cost, which is paid by the importer of a product, not by the seller, will affect trade across the United States.

"This is not just a West Coast issue," warned Long Beach Port Director Mario Cordero.

"It affects every port, whether it's in the East or in the Gulf" of Mexico, which Trump has decreed should be known as the Gulf of America.

At the start of the year, Long Beach and Los Angeles saw American companies scurry to get ahead of tariffs that Trump promised on the campaign trail.

Cargo volumes surged as they tried to build up as much untaxed inventory as possible.

But as the tariffs begin to bite, they will undoubtedly hold buying to eat into that inventory.

Without a reversal from the White House that would re-open the trade spigot, that could mean shortages that consumers will start to notice, and soon, according to Seroka.

"American importers, especially in the retail sector, are telling me that they have about five to seven weeks of normal inventory on hand today," he said.

"If this trade dispute goes on for any length of time, we'll likely see fewer selections on store shelves and online buying platforms.

"The impact on American consumers will be less choice and higher prices," he said.

"The American consumer is going to get hit right in the wallet."

- 'We're angry at Donald Trump' -

For Antonio Montalbo, one of the 900,000 logistics workers in Southern California, the ordeal has already begun.

As the owner of a small trucking company, he needs to replace the starter on one of his vehicles; the part, made in China, now costs twice as much.

Trump has "created a hostile environment at the port for the drivers," says the 37-year-old.

"We're angry at Donald Trump. He needs to go check out the country a little bit, because he has a lot of angry truck drivers.

"It seems like he doesn't care about the public or the working class."

Between skyrocketing maintenance costs and the fall-off in work, he estimates he could be laying off staff within six months.

Montalbo says he voted for Trump last November because he was fed up with inflation, and trusted him to fix the economy.

"I thought that he was a businessman.

"Now we have something worse than inflation, called tariffs."

L.Kwan--ThChM