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Import Cargo Rising as Higher Tariffs and Potential Port Strike Approach
With a strike possible again next month at East Coast and Gulf Coast container ports and President-elect Donald Trump planning to increase tariffs, the nation’s major container ports are expected to see a continued surge in imports through next spring, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“Either a strike or new tariffs would be a blow to the economy and retailers are doing what they can to avoid the impact of...
Dockworker Strike Highlights Importance of Food Independence
American Farm Bureau Federation President Zippy Duvall commented today on the impact of the East Coast dockworker strike.
“America is bracing for the impact of the massive dockworker strike that threatens to paralyze traffic of goods in and out of the United States. Our nation relies on international trade for everything from electronics to machinery.
“Families also count on the import of food like bananas, coffee and specialty items, including chocolates and European beer. While there is a risk of shortages of some items...
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