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US port throughput growth could be derailed by China tariffs and trade row
来源： 编辑：编辑部 发布：2018/04/11 09:58:27
US retail ports are expected to benefit from an increase in shipment volumes in the coming months, however, a looming trade row with China could derail future gains, warns authors of the Port Tracker report published by the US National Retail Federation (NRF).
"Tariffs are a tax on American consumers in the form of higher prices but they are also a tax on American jobs," NRF Vice president for Supply Chain and Customs Policy Jonathan Gold said: "American consumers and workers should not be punished for China's wrongdoing."
For February US retail container ports came in at 1.69 million TEU, up 15.8 per cent annually. Port Tracker estimated March would be down 1.2 per cent at 1.54 million TEU and April is pegged at 1.72 million TEU for a 5.8 per cent annual gain.
For all of 2018, Port Tracker said it expects the first half of 2018 to be up 5.6 per cent annually at 10.4 million TEU, Logistics Management reported.
Hackett Associates founder Ben Hackett wrote in the report that a trade war is a vicious circle of retaliation where there are no winners, only losers. President Trump has managed to start such a war and as a result is knocking trillions of dollars in value off the stock markets and will potentially cause a decline in consumer confidence.
"This tit-for-tat situation [with China] does not create winners. Picking a fight with the third largest US export market makes no sense."
He continued: "The west coast will be particularly impacted because of the tariffs as China represents over 60 per cent of the volume of containerised imports into the United States."
The ports surveyed in the report include Los Angeles/Long Beach, Oakland, Tacoma, Seattle, Houston, New York/New Jersey, Hampton Roads, Charleston, and Savannah, Miami, Jacksonville, Fort Lauderdale and port Everglades.
"Tariffs are a tax on American consumers in the form of higher prices but they are also a tax on American jobs," NRF Vice president for Supply Chain and Customs Policy Jonathan Gold said: "American consumers and workers should not be punished for China's wrongdoing."
For February US retail container ports came in at 1.69 million TEU, up 15.8 per cent annually. Port Tracker estimated March would be down 1.2 per cent at 1.54 million TEU and April is pegged at 1.72 million TEU for a 5.8 per cent annual gain.
For all of 2018, Port Tracker said it expects the first half of 2018 to be up 5.6 per cent annually at 10.4 million TEU, Logistics Management reported.
Hackett Associates founder Ben Hackett wrote in the report that a trade war is a vicious circle of retaliation where there are no winners, only losers. President Trump has managed to start such a war and as a result is knocking trillions of dollars in value off the stock markets and will potentially cause a decline in consumer confidence.
"This tit-for-tat situation [with China] does not create winners. Picking a fight with the third largest US export market makes no sense."
He continued: "The west coast will be particularly impacted because of the tariffs as China represents over 60 per cent of the volume of containerised imports into the United States."
The ports surveyed in the report include Los Angeles/Long Beach, Oakland, Tacoma, Seattle, Houston, New York/New Jersey, Hampton Roads, Charleston, and Savannah, Miami, Jacksonville, Fort Lauderdale and port Everglades.