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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| US import surge expected as retailers rush to beat tariff deadline |
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Date:2025-06-19 Readers:
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IMPORT cargo volumes at major US. container ports are expected to surge through the summer months as retailers rush to take advantage of temporarily reduced tariffs on Chinese goods.
The surge comes after a tumultuous period when many retailers suspended or cancelled orders following the Trump administration's implementation of a 145 per cent tariff on Chinese imports in April.
The situation improved when tariffs were subsequently reduced to 30 per cent with a 90-day pause extending until August 12. Similarly, reciprocal tariffs on other nations have been paused until July 9 as trade negotiations continue.
"This is the busiest time of the year for retailers as they enter the back-to-school season and prepare for the fall-winter holiday season," explains Jonathan Gold, NRF Vice President for Supply Chain and Customs Policy. "Retailers want to ensure consumers will be able to find the products they need and want at prices they can afford."
Ben Hackett, founder of Hackett Associates, notes that this year's unique circumstances will create an early peak season. "The peak for the winter holidays will come early this year, making it simultaneous with the peak for the back-to-school season," he said.
The current forecast projects the first half of 2025 to reach 12.54 million TEU, showing a 3.7 per cent year-over-year increase. While this represents an improvement from earlier forecasts made before the tariff pause, it still falls short of the 12.78 million TEU projection made before the April tariffs announcement.
Looking ahead, significant volume declines are expected for the remainder of 2025, with September forecast at 1.78 million TEU (down 21.8 per cent year on year) and October at 1.8 million TEU (down 19.8 per cent). These substantial decreases are partially attributed to the elevated import levels seen in late 2024, when concerns about East Coast and Gulf Coast port strikes drove increased activity.
https://www.shippingazette.com/news?news_id=9250600000540
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