UPDATE 1-Chinese imports to U.S. ports start peaking early amid tariff threat [Reuters]
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Source: Reuters
Chinese imports to U.S. ports start peaking early amid tariff threat | Reuters 4 Min Read LOS ANGELES (Reuters) - Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc ( WMT.N ) and Amazon.com ( AMZN.O ) face uncertainty due to U.S. President Donald Trump’s threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of “pre-emptive buying in anticipation of the tariffs”, said Ben Hackett, founder of international maritime consultancy Hackett Associates. “This is a bump that isn’t quite normal,” he said. The U.S. container port peak season is traditionally driven by orders for Chinese-made clothing, electronics and toys for the back-to-school season running from June to September, and then the winter holiday season. The volu
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