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US retail port volumes forecast to rise despite looming China import tariffs
来源： 编辑：编辑部 发布：2018/05/14 09:11:44
US retail ports are likely to experience growth this summer despite looming tariffs on imports from China, according to the National Retail Federation.
"With proposed tariffs yet to be officially imposed, retailers are stocking up on merchandise that could soon cost considerably more," NRF vice president Jonathan Gold said. "If tariffs do take effect, there's no quick or easy way to switch where these products come from.
"American families will simply be stuck paying higher prices and hundreds of thousands of US jobs could be lost."
According to the NRF and Hackett Associate's Global Port Tracker report, ports handled 1.54 million TEU in March, down 8.6 per cent from February due to the Chinese Lunar New Year holiday, however, volumes slid just 0.7 per cent against the previous year, Chicago's Retail Leader reported.
"Despite the threats and risks to trade, we continue to see solid expansion and our models are projecting this to continue throughout the year," Hackett Associates founder Ben Hackett said. "This is driven by a high level of confidence as the economy remains strong and unemployment is at its lowest level in nearly two decades."
April is estimated at 1.73 million TEU, up 6.4 per cent year on year. May is forecast at 1.82 million TEU, up 4.3 per cent from last year; June also at 1.82 million TEU, up 6.1 per cent; July at 1.9 million TEU, up 5.5 per cent; August at 1.92 million TEU, up 4.6 per cent, and September at 1.82 million TEU, up 2.1 per cent.
The first half of 2018 is expected to total 10.4 million TEU, an increase of 5.8 per cent over the same period in 2017.
"With proposed tariffs yet to be officially imposed, retailers are stocking up on merchandise that could soon cost considerably more," NRF vice president Jonathan Gold said. "If tariffs do take effect, there's no quick or easy way to switch where these products come from.
"American families will simply be stuck paying higher prices and hundreds of thousands of US jobs could be lost."
According to the NRF and Hackett Associate's Global Port Tracker report, ports handled 1.54 million TEU in March, down 8.6 per cent from February due to the Chinese Lunar New Year holiday, however, volumes slid just 0.7 per cent against the previous year, Chicago's Retail Leader reported.
"Despite the threats and risks to trade, we continue to see solid expansion and our models are projecting this to continue throughout the year," Hackett Associates founder Ben Hackett said. "This is driven by a high level of confidence as the economy remains strong and unemployment is at its lowest level in nearly two decades."
April is estimated at 1.73 million TEU, up 6.4 per cent year on year. May is forecast at 1.82 million TEU, up 4.3 per cent from last year; June also at 1.82 million TEU, up 6.1 per cent; July at 1.9 million TEU, up 5.5 per cent; August at 1.92 million TEU, up 4.6 per cent, and September at 1.82 million TEU, up 2.1 per cent.
The first half of 2018 is expected to total 10.4 million TEU, an increase of 5.8 per cent over the same period in 2017.