U.S. Ports Likely to See Another Rush Before Tariff Increase
Washington, DC, August 22, 2019-In late 2018, a rush of pre-tariff imports helped major U.S. ports notch all-time cargo records, and that dynamic may soon occur again, “with Trump’s latest tariff announcement tailor-made to produce another year-end holiday rush,” reports Raw Story.
“Trump announced on August 1 his plan to impose 10% tariffs on $300 billion in Chinese goods on September 1-targeting all products not hit by earlier tariff rounds.
“But some experts think the import surge could be more modest this time around” as “The new schedule provides a big enough window for shippers to consider frontloading their orders cargo, accelerating their orders to beat the new taxes.”
In addition, after an outcry from retailers, Trump relented and delayed tariffs on more than half the list, sparing toys, cell phones, laptops and other items until December 15.