Amid ongoing tariff uncertainty, U.S. ports are seeing strong import volumes, with projections indicating continued growth through spring before potential declines this summer, according to the latest Global Port Tracker report from the National Retail Federation (NRF) and Hackett Associates.
Retailers are working to bring in merchandise ahead of increasing tariffs, particularly on Chinese imports, which recently doubled from 10% to 20%. NRF Vice President Jonathan Gold emphasized that tariffs are ultimately a tax on consumers, raising prices for American families. Meanwhile, new fees on Chinese-built ships being considered by the U.S. Trade Representative could further drive up costs for cargo owners.
January imports reached 2.22 million Twenty-Foot Equivalent Units (TEUs), marking a 13.4% year-over-year increase. February projections suggest the busiest month in three years, while March through May are expected to see continued growth. However, declines are anticipated in June and July, reflecting both tariff concerns and last year’s preemptive import surge ahead of labor disputes.
Retailers continue to navigate supply chain challenges, balancing cost pressures with consumer demand. The full Global Port Tracker report is available to NRF members at NRF.com/PortTracker.
