With the most recent list of proposed tariffs affecting the housewares industry, the International Housewares Association is encouraging members to contact their congressional representatives or provide comment to the United States Trade Representative (USTR) on the tariffs’ effect on their business.
With President Trump saying he plans to both increase and broaden tariffs on goods from China, imports at the nation’s major retail container ports are expected to see unusually high levels the remainder of this spring and through the summer, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
President Donald Trump has threatened to move forward with a 25% hike in tariffs on $200 billion of Chinese imports this Friday, May 10, ahead of a meeting between U.S. and Chinese trade officials that was scheduled for this week in Washington, D.C.
Imports at the major retail container ports are forecast to rise as the summer and back-to-school shopping season approaches, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Imports at the nation’s major ports of entry continued to see solid growth through the end of 2018 and into 2019, according to figures from the National Retail Federation.
Imports at the nation’s major retail container points, while down from records highs this past fall, remain strong as retailers look to stay ahead of a possible tariff increase on Chinese made goods in March.
Following months of record growth, the level of imports at the nation’s ports have slowed, according to a report from the National Retail Federation and Hackett Associates.
The number of containers coming into the U.S. reached 2 million in October, the first time that level has been breached, according to the monthly Global Tracker Report from the National Retail Federation and Hackett Associates.
The Trump Administration has delayed the scheduled 25% tariff on $200 billion worth of goods manufactured in China that was set to begin January 1.
While the issue of tariffs has been much discussed throughout 2018, retailers and housewares product suppliers have expressed concern about their potential impact on consumer buying habits.
Import levels at the nation’s ports have slowed ahead of the holidays, but remain higher than normal, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.
Imports at the nation’s major retail container ports are expected to remain at near-record levels in October despite a new round of tariffs that took effect in September, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
The Trump administration has imposed tariffs on $200 billion worth of product imported from China, which includes a host of consumer products such as housewares, consumer electronics, tools and food.
As retail sales remain strong, traffic at the nation’s container ports continues to grow as well, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.
Walmart hosted a grand opening celebration to commemorate the official opening of its new $135 million distribution center in Mobile, Alabama.
The National Retail Federation has updated its retail sales forecast for 2018, declaring that tax reform and other economic inputs would boost revenues more than previously predicted but warning that tariffs threaten to dampen consumer confidence.
With concerns rising over proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another in August, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Responding to the latest round of tariff proposals, Restoration Hardware (RH) recently provided what it called clarification in response to inaccurate reports regarding the percentage of the company’s product sourced from China.
Businesses in the United States are beginning to feel and respond to the effects of the Trump Administration tariffs, retailers included.
The International Housewares Association is speaking out against the latest round of tariffs being proposed by the Trump Administration, with the IHA’s chairman labeling the new tariffs now being discussed as potentially “disruptive.”