MacroLive Wire · AI-collected
US Import Cargo to Slow Past August as Peak Season Winds Down, NRF Says
- US ports handled 2.23 million TEU in June, up 13.2% year-on-year but down 0.7% from May's 2.24 million TEU, according to a National Retail Federation/Hackett Associates Global Port Tracker report via Yahoo Finance.
- July volumes are projected at 2.21 million TEU (down 7.6% year-on-year) and August at 2.22 million TEU (down 4.2% year-on-year), with the NRF citing the end of Section 122 tariffs and their replacement by Section 301 tariffs of 10-12.5% on imports from 60 countries as a key factor.
Published Aug 10Source: Yahoo Finance ↗