Equity Research 22 September 2025 | 5:01AM EDT US Tariff Impact Tracker: Up and Down Trends Seemingly to Persist US Tariff Impact Tracker – this past week, laden vessels from China to USA were down sequentially (-7% WoW) and remained down on a YoY basis (-13% YoY). Data suggests late-September and early-October is shaping up to be mostly mixed sequentially based on Port of LA data (up next week, down first week of Oct), following 2H-August and early/mid-September reads that were generally weak – continuing ...