Imports decline after summer surge; trade outlook for rest of year not ‘optimistic’

Following a near-record peak this summer as retailers stocked up before tariff increases, import cargo volume at the nation’s major container ports is expected to steadily decline for the remainder of the year.

That’s according to the most recent Global Port Tracker report released by the National Retail Federation and Hackett Associates. The report follows the implementation of reciprocal tariffs across the globe, with a number of key trading partners being subjected to tariffs higher than the earlier 10% tariffs, noted the NRF. Also, more and more sectoral tariffs are impacting a wider scope of products

“Tariffs have had a significant impact on trade,” said Hackett Associates founder Ben Hackett said. “The trade outlook for the final months of the year is not optimistic.”

Imports decline after summer surge; trade outlook for rest of year not ‘optimistic’ | Chain Store Age

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