Reported 2 days ago
U.S. imports fell significantly in June due to rising concerns over fluctuating tariff policies, as reported by the National Retail Federation. This decline came as tariffs imposed by President Trump's administration began taking effect, leading to fears of limited product availability in stores. The import volume decreased by 8.4% year-over-year, and forecasts suggest that import levels could end 2025 lower than previous years, signaling potential economic consequences and higher prices for consumers.
Source: YAHOO