U.S. Tariff Update - April 30, 2025

While the larger tariff narrative has remained static, we look to the future to see how current tariff policy may impact future U.S. imports.

Presently, the Port of Los Angeles is projecting to see a 35% dip in volume next week - which is attributed partially due to lower volumes coming out of China due to vendors and or consumers not wanting to pay 145% on top of previous tariffs/duties for goods made in China. Some estimates are seeing a 60% drop in container bookings from China to the U.S., while some ports in Thailand and Vietnam are seeing bookings to the US rise up 5-10% as shippers attempt to adapt and avoid the high tariffs on goods from China.

While there are concerns about potential consumer shortages, there is also strong evidence to support that shippers and retailers alike have been stockpiling resources and goods in the U.S. prior to February, 2025. 

We expect the policy and guidance to continue to change over the coming weeks. We will post weekly updates but our advice remains the same. The best advisors to talk to are the vendors and importers handling the transport of these goods into the U.S.. Importer companies and the vendors themselves are better able to advise on which components of the products - if any - may be subject to the new tariffs, taxes, and fees and can help make plans accordingly.