Ocean imports to the United States are likely to reach its highest point in July, as retailers rushed to bring goods from China and other regions before increasing the potential tariff for holiday products, according to Reuters. The Los Angeles port, a major American import center, has reported an 8 % increase in barefoot imports in July, reaching 544,000 equivalent units for twenty feet (TEU).
Also read: US container imports in July near the high, with a rise in China’s level in China and tightening the deadline for customs tariffs
Jin Seroca, the port’s executive director, attributed the mutation to the accelerated importers to accelerate shipments to avoid the tariff rises on the horizon. Data from the IndexBox platform indicate similar trends, with the import of the United States to the front of the United States in anticipation of commercial policy transformations. Zakari Rogers of the Logistical Service Manager Index indicated that most of the holiday season reserves have already arrived by July, breaking the traditional peak from August to October.
President Donald Trump’s policies, including a temporary tax of 145 % on Chinese goods, were disrupted by typical import patterns. However, a 90-day recent extension of the US-Cina Truce provides temporary comfort for retail traders such as Walmart (WMT), target (TGT) and Home Depot (HD).
Source: Indexbox Market Intelligence
