SoCal Not So Good As Chinese Import Growth Lags Even As Duty Widening Beckons — Panjiva
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SoCal Not So Good As Chinese Import Growth Lags Even As Duty Widening Beckons

Corp - Ports 881 Corp - Shipping 977 Mode - Containerized 1470 Mode - Seaborne 1803 U.S. 5319

California’s big three ports experienced handling growth of just 1% on a year earlier in July. That was largely down to Long Beach experiencing a decline for the first time since February 2017 due to an 8% slump in imports. A decline in shipments from Asia more broadly mean the LA, Long Beach and Oakland combined saw imports decline 1% vs. a nationwide rise of 8%. A slowdown in traffic from China, with an expansion of just 2%, reflects falling imports of auto-parts (2% lower) and toys (off 1%). A widening array of duties applied to Chinese exports will likely exacerbate the declines duri...

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