Tariff Shocks on the Supply Chain
Port of Los Angeles: Data for April suggest that container ship bookings are down by 60%, and 30% of Pacific Ocean bookings to the U.S. have been canceled.
According to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, trade with our three largest partners—Canada, China, and Mexico—accounted for more than $1.32 trillion in imports and $0.82 trillion in exports in calendar year 2024.