US box imports surge again ahead of tariffs

September 11, 2019

Imports at major US container ports reached unusually high numbers just before new tariffs on goods from China took effect on 1 September and are expected to surge again before another round of tariffs takes effect in December, according to the monthly Global Port Tracker report released yesterday by the National Retail Federation (NRF) and Hackett Associates.

New 15% tariffs on a wide range of consumer goods from China took effect at the beginning of this month and are scheduled to be expanded to additional goods on 15 December – covering a total of about $300 billion in imports, the NRF highlighted. In addition, 25% tariffs on $250 billion worth of imports already imposed over the past year will increase to 30 percent on 1 October.

For full content of this article, please click link

Source: https://www.lloydsloadinglist.com