Latest News Updates From Laura Curtis

The Trump administration is in the process of issuing more than $35.5 billion to importers who successfully filed for tariff refunds.

About $300 billion worth of goods subject to U.S. tariffs are avoiding the levies annually and reaching the U.S. from Southeast Asia and Mexico.

The stream of imported goods through the ports of Los Angeles and Long Beach fell 1% annually in March compared to the year before.

Uncertainty is mounting across global supply chains due to President Donald Trump’s changing tariff policies and the conflict in the Middle East, port Executive Director Gene Seroka said.

CEO Noel Hacegaba told reporters that the Port of Long Beach was the most active port in the U.S. last month, beating its Southern California neighbor, the Port of Los Angeles.

President Donald Trump's return to the White House in January kicked off a roller coaster year for manufacturers, retailers and other U.S. industries dependent on goods from abroad.

Volume is expected to slow in coming months as President Trump’s tariffs bite into profit margins and impact consumer prices, and uncertainty over the U.S.-China trade war increases.

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.