Import volume at the nation’s major container ports is forecast to hit a new all-time record in July as retailers stock up ahead of a potential new round of tariffs and other trade uncertainties.
Consumers continued to show their resilience as retail sales rose for the eighth consecutive month in May despite high gas prices and ongoing inflation.
Import volumes at major U.S. container ports are expected to see a skewed year-over-year bump in June in anticipation of more tariffs and rising fuel prices, but then remain below last year’s levels into the fall.
Import volume at major U.S. container ports is expected to remain below last year’s levels into early fall despite a skewed year-over-year bump in May and June.