Trump tariff war with China sends U.S. retailers on buying binge [Reuters (UK)]
Walmart Inc. (WMT)
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Source: Reuters
Trump tariff war with China sends U.S. retailers on buying binge | Reuters 9 Min Read CHICAGO (Reuters) - In the nearly 40 years she has spent in trade, Amy Magnus has never seen retailers hoarding so much inventory. Warehouses throughout the United States are at record capacity with Chinese imports of all kinds - microwaves, vacuum cleaner filters, swimwear, furniture - stacked to the ceiling, according to Magnus, who heads the National Customs Brokers & Forwarders Association of America, whose members work with over 250,000 importers and exporters. “My office is right on a land border and I can see the trucks just coming across non-stop from my window,” Magnus said, referring to her birds-eye view from Champlain, New York, of trade on the border between Canada and the United States. “Even with Christmas, it’s been notably busier this week and last week than it’s ever been before.” She is one of over a dozen customs brokers, retailers, vendors, analysts and supply chain experts who t
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