原创翻译：龙腾网 http://www.ltaaa.com 翻译：yjl0518 转载请注明出处
Data released by the Los Angeles and Long Beach ports, America's two busiest container ports, reported declines in export volumes in May, as trade tensions between the US and China continued to intensify into summer. The report marks the 7th consecutive monthly decline in exports for Los Angeles, reported CNBC.
The Port of Long Beach printed a disastrous 19.5% drop in imports in May, which some economist suggested America's top importers, big-box retailers, are finished pulling forward inventory to beat potential duty hikes.
"The best we can say right now is that importers - at least through the Southern California ports - were concerned probably more about the size of the inventories right now than with anything else," said Jock O'Connell, a California-based international trade advisor for Beacon Economics.
"Having already brought in vast numbers of commodities in anticipation of previous tariffs, they are pretty well stocked up."
"With a major tariff increase already announced and the possibility that tariffs could be impose of nearly all goods and inputs from China, retailers are continuing to stock up while they can to protect their customers as much as possible against the price increase that will follow," Jonathan Gold, National Retail Federation's vice president for supply chain and customs policy said last week.
Last month, the Port of Los Angeles reported import volumes increased by 5.5% from a year ago, which compared with significant declines in import volume at Long Beach. When import volumes from both ports were combined, there was a 7% drop in total imports.
As for exports, the Port of Los Angeles showed a dip of nearly 1% in May after registering a 6% drop in April. The port has posted export declines since November 2018.
"As we prepare for our traditional peak shipping season in the months ahead, we're closely monitoring global trade tensions that have created heightened unpredictability," Port of LA Executive Director Gene Seroka said Tuesday.
It's not just the ports that are feeling the pressure from the trade war, trucking, railroads, warehousing, construction, manufacturing, and farming, have also been impacted in the surrounding counties.
Trade chaos has "really gummed up the operations of the supply chain," said Eugene Seroka, executive director of the Port of Los Angeles. "We've got a lot of cargo coming in that just sits."
"Containers are stacked high. Truck lines are long. And warehouses are bursting at the seams."
As the US economy cycles down into the summer with the threat of a full-blown trade war, the business cycle has become vulnerable to shocks, and it's trade war shock that is likely to usher in the next recession in 2020.