Consequences of Trump's tariffs arrive to LA County ports
KCAL News
[{'start': '0.160', 'end': '4.000', 'text': "weeks they've been sounding the alarm"}, {'start': '2.000', 'end': '5.520', 'text': 'and now officials at the Port of LA and'}, {'start': '4.000', 'end': '7.759', 'text': 'the Port of Long Beach say the'}, {'start': '5.520', 'end': '10.400', 'text': "consequences of President Trump's tariff"}, {'start': '7.759', 'end': '12.240', 'text': 'tariffs have officially arrived and the'}, {'start': '10.400', 'end': '14.880', 'text': "economic disruptions they're causing are"}, {'start': '12.240', 'end': '16.800', 'text': 'having massive ripple effects. And Kal'}, {'start': '14.880', 'end': '18.400', 'text': 'News political reporter Tom Wade is here'}, {'start': '16.800', 'end': '20.480', 'text': 'with a look at how all of this is'}, {'start': '18.400', 'end': '21.680', 'text': 'getting real for our ports and the'}, {'start': '20.480', 'end': '24.560', 'text': 'hundreds of thousands of Southern'}, {'start': '21.680', 'end': '26.880', 'text': 'Californians who move and store items'}, {'start': '24.560', 'end': '28.400', 'text': 'from Asia. Exactly. Right. to the whole'}, {'start': '26.880', 'end': '29.519', 'text': 'supply chain path to your point and'}, {'start': '28.400', 'end': '31.119', 'text': "we've you know we've interviewed people"}, {'start': '29.519', 'end': '33.280', 'text': 'this week about their businesses being'}, {'start': '31.119', 'end': '34.880', 'text': "impacted and you know now now we're"}, {'start': '33.280', 'end': '36.800', 'text': "really seeing what's going on in real"}, {'start': '34.880', 'end': '39.520', 'text': 'time. So port officials say the'}, {'start': '36.800', 'end': '41.600', 'text': 'situation is worse at this moment than'}, {'start': '39.520', 'end': '44.160', 'text': "during co and tonight we're getting new"}, {'start': '41.600', 'end': '46.160', 'text': 'numbers for June more canceled ships and'}, {'start': '44.160', 'end': '48.719', 'text': 'containers which will continue to have'}, {'start': '46.160', 'end': '50.200', 'text': 'devastating consequences to businesses'}, {'start': '48.719', 'end': '53.440', 'text': 'large and'}, {'start': '50.200', 'end': '56.239', 'text': 'small at the ports of LA and Long Beach.'}, {'start': '53.440', 'end': '58.640', 'text': "It's the calm before the economic storm."}, {'start': '56.239', 'end': '61.199', 'text': 'Port traffic is set to take a nose dive'}, {'start': '58.640', 'end': '64.479', 'text': "in just days. It's now not a matter of"}, {'start': '61.199', 'end': '66.720', 'text': 'if or when the cancellations are here,'}, {'start': '64.479', 'end': '69.439', 'text': 'driving the downturn. Port officials'}, {'start': '66.720', 'end': '72.799', 'text': "blame President Trump's tariffs. I think"}, {'start': '69.439', 'end': '75.520', 'text': 'we now have 34 canled sailings uh at'}, {'start': '72.799', 'end': '77.200', 'text': 'least through June. So the concern here'}, {'start': '75.520', 'end': '80.159', 'text': "is obviously that's a number that"}, {'start': '77.200', 'end': '82.799', 'text': 'actually exceeds the uh the numbers that'}, {'start': '80.159', 'end': '84.960', 'text': 'we had during CO 19 which was a very'}, {'start': '82.799', 'end': '87.119', 'text': 'critical period or crisis to the supply'}, {'start': '84.960', 'end': '89.119', 'text': 'chain. The port of Long Beach is getting'}, {'start': '87.119', 'end': '91.759', 'text': 'hit hard because a big chunk of their'}, {'start': '89.119', 'end': '95.759', 'text': 'incoming traffic is from China and Trump'}, {'start': '91.759', 'end': '97.680', 'text': 'slapped China with tariffs of up to 145%'}, {'start': '95.759', 'end': '99.840', 'text': 'on imported goods. The Trump'}, {'start': '97.680', 'end': '102.000', 'text': 'administration says they are working to'}, {'start': '99.840', 'end': '104.640', 'text': 'close trade deals with China and other'}, {'start': '102.000', 'end': '107.439', 'text': 'countries. Port officials say it better'}, {'start': '104.640', 'end': '108.880', 'text': "happen soon. You're already hearing the"}, {'start': '107.439', 'end': '111.360', 'text': 'business community talking about taking'}, {'start': '108.880', 'end': '113.280', 'text': 'a hit of anywhere between 100 and 300'}, {'start': '111.360', 'end': '115.119', 'text': 'million in additional cost to their'}, {'start': '113.280', 'end': '117.119', 'text': 'companies because of the tariffs. At the'}, {'start': '115.119', 'end': '119.680', 'text': 'neighboring port of LA, the numbers are'}, {'start': '117.119', 'end': '122.920', 'text': 'also bleak. A spokesperson there shared'}, {'start': '119.680', 'end': '126.040', 'text': 'these stats with us. In May, 17 vessel'}, {'start': '122.920', 'end': '129.440', 'text': 'cancellations due to tariffs.'}, {'start': '126.040', 'end': '132.400', 'text': '224,000 container units also canled, a'}, {'start': '129.440', 'end': '135.120', 'text': '25% decrease with more cancellations'}, {'start': '132.400', 'end': '137.920', 'text': 'expected. And in June at the Port of LA,'}, {'start': '135.120', 'end': '140.000', 'text': 'so far 12 vessel cancellations due to'}, {'start': '137.920', 'end': '142.640', 'text': 'tariffs. More cancellations are'}, {'start': '140.000', 'end': '144.800', 'text': 'expected. The cancellations have massive'}, {'start': '142.640', 'end': '147.040', 'text': 'ripple effects. Companies that sell'}, {'start': '144.800', 'end': '149.440', 'text': 'clothing, electronics, furniture, just'}, {'start': '147.040', 'end': '151.440', 'text': 'to name a few, all feeling the crunch.'}, {'start': '149.440', 'end': '154.720', 'text': 'So are the truckers who transport the'}, {'start': '151.440', 'end': '157.200', 'text': 'goods from the port. Matt Shrap is CEO'}, {'start': '154.720', 'end': '159.040', 'text': 'of Harbor Trucking Association, which'}, {'start': '157.200', 'end': '162.160', 'text': 'represents hundreds of trucking'}, {'start': '159.040', 'end': '165.120', 'text': "operators large and small. It's dire"}, {'start': '162.160', 'end': '167.599', 'text': "there's a lot of concern, right? And"}, {'start': '165.120', 'end': '170.239', 'text': 'when we think about how fragile the'}, {'start': '167.599', 'end': '172.400', 'text': 'supply chain is where you have one kink'}, {'start': '170.239', 'end': '175.280', 'text': 'in the chain can cause, you know,'}, {'start': '172.400', 'end': '176.959', 'text': 'downstream impacts that last for months.'}, {'start': '175.280', 'end': '180.160', 'text': "And if we're not moving containers, that"}, {'start': '176.959', 'end': '181.680', 'text': 'has this ripple effect that not only are'}, {'start': '180.160', 'end': '183.519', 'text': 'the trucking companies not moving'}, {'start': '181.680', 'end': '185.519', 'text': 'containers, but the warehouses are not'}, {'start': '183.519', 'end': '187.360', 'text': 'processing them. And even closer to the'}, {'start': '185.519', 'end': '189.200', 'text': 'docks, you know, the long shore workers'}, {'start': '187.360', 'end': '191.360', 'text': 'are not unloading those vessels in the'}, {'start': '189.200', 'end': '193.360', 'text': 'same frequency. Trap says the truckers'}, {'start': '191.360', 'end': '195.200', 'text': 'he represents have weathered many'}, {'start': '193.360', 'end': '197.120', 'text': "crises. He says they'll get through"}, {'start': '195.200', 'end': '199.200', 'text': 'this, but he says they desperately need'}, {'start': '197.120', 'end': '201.440', 'text': "stability. We've gone through ups and"}, {'start': '199.200', 'end': '204.080', 'text': "downs before. We've had many a crisis"}, {'start': '201.440', 'end': '206.879', 'text': 'over the past 10 years especially and we'}, {'start': '204.080', 'end': '209.920', 'text': 'always bounce back one way or another.'}, {'start': '206.879', 'end': '211.840', 'text': 'Experts say just like with CO even even'}, {'start': '209.920', 'end': '214.000', 'text': "when the trade war is resolved it's"}, {'start': '211.840', 'end': '216.400', 'text': 'likely to take some time to restore'}, {'start': '214.000', 'end': '219.440', 'text': 'normal operations. Those disruptions'}, {'start': '216.400', 'end': '222.159', 'text': 'could go on for months. Pat, thank you'}, {'start': '219.440', 'end': '222.159', 'text': 'so much. Tom.'}]