{"id":7429,"date":"2025-04-09T20:02:48","date_gmt":"2025-04-09T20:02:48","guid":{"rendered":"https:\/\/krogragg.com\/?p=7429"},"modified":"2025-04-09T20:02:48","modified_gmt":"2025-04-09T20:02:48","slug":"tariffs-set-to-dramatically-reduce-u-s-port-traffic","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=7429","title":{"rendered":"Tariffs set to dramatically reduce U.S. port traffic"},"content":{"rendered":"

Tariffs set to dramatically reduce U.S. port traffic
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With sweeping tariffs now imposed on all U.S. trading partners, import cargo at the nation\u2019s major container ports is expected to drop dramatically beginning next month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.<\/a><\/p>\n

\u201cRetailers have been bringing merchandise into the country for months in attempts to mitigate against rising tariffs, but that opportunity has come to an end with the imposition of the \u2018reciprocal\u2019 tariffs,\u201d NRF vice president for supply chain and customs policy Jonathan Gold said. \u201cTariffs are taxes on U.S importers ultimately paid by consumers. They are creating anxiety and uncertainty for American businesses and families alike with the speed at which they are being implemented and stacked upon each other. At this point, retailers are expected to pull back and rely on built-up inventories, at least long enough to see what will happen next.\u201d<\/p>\n

Following tariffs on China, Canada and Mexico announced earlier this year, President Donald Trump last week set a minimum tariff of 10% on all U.S. trading partners and \u201creciprocal\u201d tariffs as high as 50% on dozens of nations. China has since announced tariffs on U.S. goods, prompting Trump to announce additional tariffs on China, bringing the base rate to 104% just for the national emergency tariffs. The rate goes even higher when the base tariff rate and earlier Section 301 tariffs are added in.<\/p>\n

As a result, imports during the second half of 2025 are now expected to be down at least 20% year over year, Hackett Associates founder Ben Hackett said. Even balanced against elevated levels earlier this year, that could bring total 2025 cargo volume to a net decline of 15% or more unless the situation changes.<\/p>\n

\u201cIn this environment of complete uncertainty, our forecast for import cargo will be subject to significant adjustments over the coming months,\u201d Hackett said. \u201cAt present, we expect to see imports begin to decline by May and that they will drop dramatically during the remainder of the year.\u201d<\/p>\n

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Based on the lack of respect that China has shown to the World\u2019s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off\u2026<\/p>\n

\u2014 Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) April 9, 2025<\/a>\n<\/p><\/blockquote>\n