#news #video by Sal #Mercogliano, who specializes in maritime shipping, saying that the currently-starting week’s drop in shipping at the Port of LA is only 24% rather than 35% as expected, with smaller year-on-year drops of 13% for each of the following two weeks. Excerpts from the Bloomberg Surveillance #interview with Gene Seroka of the Port of LA. He mentions that #tariffs are affixed based on the date that cargo is loaded in #China unless you move your cargo off the terminal to a “bonded warehouse” (which allows you to pay the tariff at the time that you take it out of the warehouse) or ship it back to China.
on 02025-05-04#news #video by Sal #Mercogliano, who specializes in maritime shipping, saying that he thinks next week’s 35% drop in shipping at the port of LA (first full week of May) is real and indicative of a broader trend of less container ships arriving in #USA, which will hit the East Coast 2–4 weeks later. He recommends the US Bureau of Transportation Statistics website. #tariffs
on 02025-05-02