Despite facing the possibility of additional tariffs on goods from China, imports at the nation’s major retail container ports are expected to grow throughout the summer, according to a recent Global Port Tracker report from the National Retail Federation and Hackett Associates.
The near-term cost to retailers of exiting the North American Free Trade Agreement could be $15.8 billion, according to a study released by consulting firm A.T. Kearney.
Imports at the nation’s major retail container ports are expected to grow a healthy 5.8% year-over-year this month but could be threatened in the future if the developing tariff dispute and potential trade war between the U.S. and China continues to escalate, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.