Reported 29 days ago
The National Retail Federation (NRF) predicts a surge in imports following Donald Trump's re-election as President, largely driven by anticipated tariff increases of 10 to 20 percent on all imports. Retailers are moving to import goods earlier to avoid these hikes and concerns surrounding potential East Coast port strikes, which are prompting them to shift shipments to the West Coast. The impending tariffs could raise consumer prices significantly, and despite improving forecasts for incoming cargo volumes, uncertainty looms over the retail sector.
Source: YAHOO