From May 4th to May 10th, the volume of imported cargo through the Port of Los Angeles was down 35% year-over-year. These are the first shipments subject to the "Day of Liberation" tariff.
According to current data, the total container volume for the entire month of May will likely fall by 20% year-over-year.
American retailers have four to six weeks of inventory. If tariffs are reduced within two weeks and imports gradually recover, there won't be a significant shortage on store shelves.
However, prices will definitely rise because the goods subject to the first round of tariff increases have already arrived, and the costs will be reflected in the selling price.
Certainly, consumers will bear the brunt of the price hikes.
The Federal Reserve's insistence on not cutting interest rates is mainly due to concerns over inflation caused by tariff policies.
Source: https://www.toutiao.com/article/1831607759996940/
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