Retail imports expected to surge ahead of tariff hike

Ahead of a tariff hike on consumer goods in December, imports at U.S. retail container ports are expected to hit their highest level this year.

Data from the National Retail Federation and maritime consultancy Hackett Associates forecast U.S. ports in November will handle nearly 2 million 20-foot-long cargo containers and their equivalents.

“This is the last chance to bring merchandise into the country before virtually everything the United States imports from China comes under tariffs,” said Jonathan Gold, NRF vice president for supply chain and customs policy. “The effect on prices will vary by retailer and product during the holiday season, but ultimately these taxes on American businesses and consumers will result in higher prices.”

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