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New Tariff Policy Will Affect U.S. Container Port Import Growth

  • Author:Cynthia
  • Release Date:2018-03-13
according toUnited StatesThe National Retail Federation said that due to the suspension of work on the Lunar New Year's Asian plant each year, it is expected that the import of China's major retail container ports will decline slightly this month.
Although this month's trading volume will not be affected by the new steel and aluminum tariffs implemented on March 8, it may eventually have an impact on the port.
Jonathan Gold, vice president of supply chain and customs for the National Retail Federation, said: “Since the tariffs for steel and aluminum are already in place, new tariffs on goods from China are under threat, and the NAFTA threats It is also continuing. We will soon launch a trade war against our hands."
“For American consumers, the direct impact will be rising prices, which will throw away the results of tax reforms and set obstacles in the face of economic growth. But in the long run, we can see the volume of freight and all that depend on it. Loss of jobs, from dock workers to the supply chain, adds Gold.
Hackett Associates founder Ben Hackett said: "The potential trade war will have a negative impact on the growth of goods, thereby harming consumers and U.S. industries. The possibility of export growth will also disappear, thereby eliminating any opportunity for trade balance improvement. ”
In January of this year, the global port tracking company (Global Port Tracker) covered a throughput of 1.73 million teu, which was a 0.2% increase from last December and an increase of 1.8% from the same period of last year. According to estimates, it was 1.66 million TEU in February this year, an increase of 13.7% year-on-year.
According to forecasts, it will reach 1.53 million TEU in March this year, a decrease of 1.8% from the previous year; in April it was 1.7 million TEU, an increase of 4.7%; in May this year, the index was 179 million TEU, up 2.5%; in June this year, it was 1.8 million. TEU, which grew by 4.7%, was 1.28 million TEU in July, an increase of 4%.internation sea freight