With tariffs recently lowered, retailers are rushing to bring in merchandise before the current pauses on U.S. and reciprocal tariffs end in July and August.
The major container ports in the U.S. are expected to see a continued surge in imports with a strike at East and Gulf Coast ports possible in January, and President-elect Donald Trump planning to increase tariffs.
Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases.
Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report just released by the National Retail Federation and Hackett Associates.
According to the recent Port Tracker report by the National Retail Federation and maritime consultancy Hackett Associates, tariff increases and new tariffs are influencing increased import activity at United States-based retail container ports. CLICK ON THE HEADLINE FOR MORE