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US Port Shipments Plunge
No Cargo Surge Ahead for US Busiest Port
Finance Megaphone
May 19, 2025
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At Finance Megaphone, we bring you the latest and most relevant updates from the world of finance. Whether it's market trends, breaking news, or insights from industry experts, we’ve got you covered. Stay informed, stay ahead, and make smarter financial decisions with the news that matters most.
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US Port Shipments Plunge Amid Tariff Turmoil: What It Means for Trade and Jobs
DOJ Launches Probe Into Coinbase Cyberattack as Losses Mount
No Cargo Surge Ahead for US Busiest Port Despite Tariff Truce, CEO Warns
US Port Shipments Plunge Amid Tariff Turmoil: What It Means for Trade and Jobs
Inbound shipments to the Port of Los Angeles dropped by 30% in early May 2025, a sharp reversal following President Trump’s newly imposed tariffs on Chinese goods. The abrupt decline—felt immediately across dockworkers, truckers, and warehouse staff—comes after a rush to import goods before the levies took effect. While April saw strong numbers with LA and Long Beach ports handling record cargo volumes, May is showing significant slowdown, with over 25 vessel cancellations projected by next month. Retaliatory tariffs have also hit U.S. exports hard, especially agriculture and manufacturing. Though a temporary 90-day tariff reprieve may boost volumes this summer, ongoing trade uncertainty continues to cloud forecasts for America’s busiest ports.
DOJ Launches Probe Into Coinbase Cyberattack as Losses Mount
The US Department of Justice has launched a criminal investigation into a major cyberattack on Coinbase, the world’s largest cryptocurrency exchange, which could cost the company up to $400 million. The breach, revealed on May 11, involved a hacker claiming access to internal documents and customer data, including names, addresses, and emails—though not passwords or login credentials. DOJ officials are now probing how the attack occurred, as fears grow over security gaps in the crypto industry.
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No Cargo Surge Ahead for U.S. Busiest Port Despite Tariff Truce, CEO Warns
Despite a recent U.S.-China tariff truce lowering duties from 145% to 30%, the Port of Los Angeles the nation’s busiest seaport is not expecting a major import boom, according to Executive Director Gene Seroka. Any upcoming increase in cargo will likely come from goods made before the tariff hike, not new orders, as the 90-day reprieve offers limited time. May imports have already dropped sharply, with 11 fewer ships arriving mid-month, and a 10% overall decline expected. As retailers like Walmart raise prices and cut back orders, consumers may start feeling the ripple effects of trade tensions.
some our tweets
Finance in 1 min
Coinbase faces a DOJ probe after a cyberattack exposed user data and may cost up to $400M. Meanwhile,
LA port shipments fell 30% in May due to Trump tariffs, and despite a tariff truce with China, no major import surge is expected as trade uncertainty lingers.
— Finance Megaphone (@Financemeg_news)
9:13 PM • May 19, 2025
That’s a wrap for this edition of Finance Megaphone.
We hope the insights and updates we’ve shared help you stay informed and ready to take on the market. Remember, knowledge is power, and we’re here to keep you in the know every step of the way. Be sure to check back next edition for more timely news, expert analysis, and the latest trends in the financial world.
Until then, keep investing smart and stay ahead of the curve!