From Home Furnishing Business
Monthly Imports Reach New Record, 2 Million Containers
Monthly retail imports have set a record, reaching over two million containers in October, according to a report from Hearth & Home.
The new record was propelled by retailers rushing to beat the now-postponed increase in tariffs on goods from China.
“President Trump has declared a temporary truce in the trade war, but these imports came in before that announcement was made,” said Jonathan Gold, vp for supply chain customs policy at NRF. “We hope that the temporary stand-down becomes permanent, but in the meantime there has been a rush to bring merchandise in before existing tariffs go up or new ones can be imposed.”
Read full report here.