Import cargo levels set to rebound in July, drop again after tariff delay ends
As retailers continue to stock up for the holiday season, import cargo volume at the nation’s major container ports is expected to rebound in July after a double-digit drop in late spring. But the rebound is not likely to last. Cargo import volume is forecast to fall again after previously paused tariffs take effect, according to the Global Port Tracker by the National Retail Federation and Hackett Associates. The report was released two days after President Trump signed an executive order delaying “reciprocal” tariffs until Aug. 1, but also announced tariffs of up to 40% on more than a dozen countries. (On July 9, he sent letters dictating new tariffs to seven more countries’ imports.)
Import cargo levels set to rebound in July, drop again after tariff delay ends | Chain Store Age