US ports brace for surge of imports ahead of new tariffs on China

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[NEW YORK] The latest lurches in President Donald Trump's trade war with China set the stage for a potential repeat of late 2018 when goods flooded into America's ports to beat new tariffs. Read more at The Business Times.

- More time for importers -

The new schedule provides a big enough window for shippers to consider frontloading their orders cargo, accelerating their orders to beat the new taxes. "We will frontload," Mr Shamie told AFP. But, he said,"There's limits to how much I can finance. There's limits to what I can store."In 2018, Delta ordered more than 10,000 cribs to beat 25 per cent tariffs that were expected to take effect January 1, 2019, but were not imposed until May. Delta increased prices to offset the hit, Mr Shamie said.

Ports in the Northeast, Southeast and Gulf Coast benefited to a lesser extent from frontloading, experts said.

 

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