Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite

"As U.S. tariffs on Chinese goods hit stride, shipping from China to the West Coast has taken a dramatic nosedive, with retailers like Seroka anticipating a more than third-of-normal volume drop in cargo next week. The port optimizer cites a 35% decline in Asia-bound shipments, while companies brace for even steeper cuts as import orders dwindle amid the economic fallout from tariffs announced by Trump earlier this year."