The Port of Los Angeles processed 1,019,837 twenty-foot equivalent units in July, the most in its 117-year history. Loaded imports alone reached nearly 544,000 TEUs, topping any previous month. Volume was 8.5% higher than a year earlier and 14.2% above June, according to Executive Director Gene Seroka. Seroka said importers accelerated shipments to beat potential tariff increases under President Donald Trump, whose policies include levies of up to 145% on goods from China. The White House this week extended a tariff truce with Beijing for 90 days, but shippers continued to front-load cargo amid ongoing policy uncertainty. The neighboring Port of Long Beach also set a July record, moving 944,232 TEUs, up 7% from last year. Despite the surge, logistics executives believe national import volumes may have peaked in July, with early data showing August activity steady but below 2024 levels. Spot freight rates from Shanghai to the United States have fallen roughly 60% since early June, signaling softer demand later in the year. Tariff-driven volatility is rippling through supply chains and prices. U.S. wholesale prices for fresh and dry vegetables jumped 38.9% in July, one of the sharpest monthly increases on record, raising the prospect of higher grocery bills even as ports brace for a slowdown after the pre-tariff rush.
"The U.S. economy has a vegetable problem, and it's not just "broccoli refusal" either — wholesale prices for fresh veggies soared by a record amount last month, foreshadowing a possible spike at the grocery store soon." https://t.co/h1hlTkpssN
"wholesale prices for fresh veggies soared by a record amount last month, foreshadowing a possible spike at the grocery store" "Because of the import situation, because we get most of that produce across the border, and they're imports, the tariffs have a lot to do with that" https://t.co/qo8Ak4FhTa
Veggie-flation strikes, with a warning for grocery prices https://t.co/pZuIzv32km