American consumers are facing tough choices due to the trade war initiated by former President Donald Trump. Ships arriving at US ports from China are the first to be subject to the 145% tariffs imposed on most Chinese imports, and many of these ships are only half full. This situation is expected to lead to shortages and higher prices for certain goods within weeks. Imports from China have significantly dropped since the tariffs were implemented, especially after last month when the tariffs escalated. Gene Seroka, executive director of the Port of Los Angeles, noted a 35% decrease in imports compared to last year. The Port of LA anticipated 80 ships in May, but 20% of those arrivals have been canceled. Retailers are choosing to store goods in Chinese warehouses rather than pay the tariffs, which can more than double the cost of Chinese goods. A 60% decline in containers means less inventory, leading to potential shortages and price hikes. Stockpiles in the US are depleting, and if this trend continues, shelves could be empty by summer.
— new from CNN
