Gene Seroka said that the Los Angeles port expects a 35% decrease in cargo coming from Asia in the next week in an interview with CNBC on Tuesday.

Seroka stated that "it's a precipitous fall in volume, with many major American retailers stopping all shipment from China due to the tariffs."

He said that major American retailers had stopped all shipments to China. This contributed to 45% of the traffic in Los Angeles.

Seroka stated that until an agreement or framework was reached with China, exports from the country would be at a minimum, barring certain commodities.

Seroka also reiterated that he expects imports to drop by at least 10% at the Port Los Angeles in the second half this year.

Los Angeles and Long Beach, which are adjacent to each other, are most vulnerable to the raging trade war between China and the United States. These Southern California ports are preferred entry points for goods coming from China. China is the number one source of imports. Imports from China are the No.

(source: Reuters)