Importers and retailers predict that US imports could soon surge over the next few weeks. Following a 90-day break in the tariff war between the US and China, retailers expect to resume importing. Data from the NRF’s (National Retail Federation) Global Port Tracker recently showed that retailers have been frontloading imports. Along with the temporary reduction on Chinese goods, other scenarios, such as a hold on reciprocal tariffs, have also contributed. Due to the high volume of exports from China, a surge could substantially impact the international shipping industry. This article will explain the reason behind the predicted surge, which could impact importing cargo to the US. Why Are Retailers Forecasting That US Imports Could Surge Soon? The potential surge in US imports comes from a slashing of tariffs that would have reached over 100% . In particular, the US lowered taxes on Chinese imports from 145% to 30%, and China reduced tariffs on US imports from 12...
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