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Key Data & Drivers

Historic Volume:

• June 2025: 892,340 TEUs (117-year record)

• H1 2025: 4.96M TEUs (+5% YoY)

• May¡úJune Spike: 32% increase after tariff-related lull

? Tariff "Tug-of-War" Effect:

• April Slowdown: Trump¡¯s baseline tariffs froze imports.

• June Rush: Partial tariff suspensions triggered "stockpiling frenzy" before August 1 deadlines.

• CEO Quote: "This isn¡¯t organic growth ¨C it¡¯s tariff-driven timing shifts" ¨C Gene Seroka, Port of LA

Sector Impact & Outlook

Retailer Strategies:

• Yedi Houseware: Stockpiled 5 months of inventory (air fryers, waffle makers from China).

• NRF Warning: Double-digit import drops expected August¨CNovember; consumer prices to rise.

What¡¯s Next?:

• July: 7 extra vessels added to beat August 1 tariffs (expected 2nd surge).

• Post-August: "Imports will plummet as retailers avoid holiday overstock" ¨C Seroka

• Price Hikes: "Consumers¡¯ bills will reflect tariffs in 3¨C6 weeks" ¨C John Zolidis, Quo Vadis Capital