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Companies that paid the $165 billion in customs duties collected so far this fiscal year won’t have an easy time getting their money back.

It isn’t clear what was in the containers, though local reports said shoes and clothing were seen floating in the water, and some containers appeared to have sunk.

Now small parcels that used to let inexpensive items flow easily from across the rest of the globe will get hit with a tariff and customs forms, too.

As of Aug. 29, President Donald Trump is ending the de minimis exemption that has applied to more than 4 million parcels flowing through the U.S. each day, driven largely by e-commerce.

Steel and aluminum tariffs were widened effective Aug. 18 to include more than 400 consumer items. Customs brokers and importers in the U.S. were given little notice.

The drop in port activity came as importers and retailers — especially those with business in China — grappled with the uncertainty of Trump’s trade war.

Inbound shipments to the Port of Los Angeles — the busiest container hub in the U.S. — dropped as much as 30% in early May as President Donald Trump’s tariffs discourage trade.

The ILA-USMX accord is good news for the importers, retailers and consumers on edge from the uncertainty surrounding the Trump administration’s trade policies and tariffs.

The busiest trade hub in the U.S. moved more containers last month than in any previous January, as importers rushed to bring in goods before President Donald Trump's potential tariff hikes.

The busiest U.S. seaport finished 2024 with near-record trade volumes as tariff uncertainty and supply chain diversions brought a sustained wave of imports through Southern California.