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California ports see container surge as retailers rush to beat tariff hikes

China

China

China

California ports see container surge as retailers rush to beat tariff hikes

2025-09-07 16:39 Last Updated At:18:37

The ports of Los Angeles and Long Beach broke a century-old record in July, handling over one million containers as retailers rushed to import goods ahead of looming tariff hikes.

At a recent summit on global supply chains in California, top executives gathered to discuss how trade might evolve under the pressure of new tariffs.

In an exclusive interview with China Global Television Network (CGTN), a senior official from the largest U.S. seaport explained how the recent surge in cargo volumes could reshape both the port’s future and the regional economy.

Container traffic may be rising at the twin ports, but the growth is driven less by organic demand and more by urgency.

"I believe that a significant part of our cargo volumes has been an effort by the shippers to get their products in ahead of tariffs. There's no question that there's a lot of front-loading that has happened. It started last year and it will continue until there's resolution on the tariff discussions," said Noel Hacegaba, Chief Operating Officer of Port of Long Beach.

The twin ports of Los Angeles and Long Beach set a historic milestone in July, moving over one million containers in a single month for the first time in their 117-year history, as businesses rushed to import goods ahead of new tariffs on Chinese products.

But in light of great uncertainty spurred by trade disputes, there's only so much planning businesses can do.

"There is a lot of work and efforts being put in, and I think how do we continue to foster that mindset. Yes, there are disruptions, the trade talks, the trade disruption sounds overwhelming, but we need look beyond those and say, how do stay agile, how do we stay resilient, and how do we stay sustainable?," said Nick Vyas, Professor and Executive Director of USC Marshall Center for Global Supply Chain Management.

Processing nearly 40 percent of all imported goods coming into the U.S., the nation's largest port is compelled to invest more in order to keep its competitive edge.

Even in the face of potentially unprecedented tariffs taking effect, port officials remain optimistic, while acknowledging the high stakes for a trade decline on the local economy.

"The Port of Long Beach is a massive economic agent. We just did our economic impact analysis. The Port of Long Beach alone generates nearly three million jobs across Southern California and over three million jobs across the nation. Goods movement is literally the economy in motion. So as cargo crosses our docks, we continue to keep the economy moving," said Hacegaba.

That caution reflects broader anxieties across the industry. Even as cargo surges, new tariffs, shifting trade routes, and evolving consumer demand threaten to upend long-term growth for U.S. ports.

The ports of Los Angeles and Long Beach handle billions in goods every year. But with tariffs and new trade routes pulling shipments away, the stakes aren't just about port rankings, they are about thousands of local jobs and the health of the region's economy.

California ports see container surge as retailers rush to beat tariff hikes

California ports see container surge as retailers rush to beat tariff hikes

California ports see container surge as retailers rush to beat tariff hikes

California ports see container surge as retailers rush to beat tariff hikes

China will strengthen fiscal and financial coordination to amplify policy effectiveness, experts said as the draft central and local budgets for 2026 were unveiled on Friday at the ongoing fourth session of the 14th National People's Congress.

According to the draft central and local budgets for 2026, 1.3 trillion yuan (190 billion U.S. dollars) of ultra-long special treasury bonds will be issued to provide continued support for the implementation of major national strategies and security capacity-building in key areas and for large-scale equipment upgrades and consumer goods trade-in programs.

Ultra-long special treasury bonds totaling 800 billion yuan will be allocated to support the implementation of major national strategies and security capacity-building in key areas, and 250 billion yuan in ultra-long special treasury bonds will be earmarked for consumer goods trade-in programs.

The country will refine these programs in terms of their scope and subsidy standards, and continue to support the scrapping and replacement of automobiles, home appliance trade-in schemes, and purchases of new digital and smart products.

China will also set up a 100-billion-yuan fiscal-financial coordination fund to boost domestic demand. The fund will support consumption and private investment through loan interest subsidies, financing guarantee, and risk compensation.

"Fiscal and monetary policies are the two major macroeconomic tools for macro-control, and their coordination is crucial. For instance, fiscal funds primarily serve as a guiding role, while financial institutions provide the capital. When fiscal guidance and financial resources are combined, the synergistic effect creates a result greater than the sum of its parts," said Yang Zhiyong, director of the Chinese Academy of Fiscal Sciences.

"By leveraging interest subsidies, we can mobilize substantial credit from financial institutions, thereby naturally stimulating consumption. The Ministry of Finance, in collaboration with the People's Bank of China, has introduced highly innovative measures, such as providing guarantees for the issuance of corporate bonds by small and medium-sized enterprises (SMEs), and compensating investors for losses. I believe the leveraging effect, making minimal efforts for maximum results, will become even more potent," said Yao Dongmin, director of the Center for China Fiscal Development under the Central University of Finance and Economics.

China's top legislature opened its annual session on Thursday morning at the Great Hall of the People in Beijing, with Chinese President Xi Jinping and other Party and state leaders attending the opening meeting alongside more than 2,700 NPC deputies. This year's NPC session is scheduled to run till March 12.

China to strengthen fiscal, financial coordination to amplify policy effectiveness: experts

China to strengthen fiscal, financial coordination to amplify policy effectiveness: experts

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