Imports drop 9% at busiest U.S. seaport due to 145% China tariffs in May

Open this photo in gallery: China and the U.S. have agreed to a 90-day pause on tit-for-tat tariffs which went up to 145 per cent placed on Chinese goods.Mike Blake/Reuters Imports to the busiest U.S. seaport at Los Angeles dropped nine per cent year-on-year in May, offering insight into how many shipments were cancelled or put on hold after President Donald Trump slapped tariffs of 145 per cent on goods from China. China is the top U.S. supplier of sea-borne goods, and Los Angeles is the No. 1 port for those imports. Domestic businesses ranging from retailer Walmart to automaker…