Upon regaining power, the Trump administration swiftly enforced protectionist trade measures, slapping tariffs on the United States' key economic partners. Experts anticipate that American consumers will markedly feel the pinch of these tariffs within six weeks. Gene Seroka, Executive Director of the Port of Los Angeles, forecasts a year-on-year drop of over one-third in port imports next week, a significantly steeper decline than usual. Numerous prominent US retailers have halted overseas purchases altogether due to the tariff policies, leading to a steep decline in freight volume.
