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RSS FeedsShippers rushing to beat tariffs? Port of Oakland reports record imports
(WorldNews Politics)


12 july 2018 19:57:24

Shippers rushing to beat tariffs? Port of Oakland reports record imports
(WorldNews Politics)

The Port of Oakland reported Thrusday that import volume reached a record high last month, possibly due to shippers rushing to beat import tariffs that kicked in this month. The summer and fall are peak season for the port — third-busiest in California and fifth in the country — when most U.S. imports from Asia are shipped, and with the surging economy, shipping was expected to be strong. But the port also said importers may have ordered aggressively in June ahead of tariffs imposed this month by the U.S. and China as the Trump administration ramps up an ongoing trade dispute. “Itīs all speculative,” Port of Oakland spokesman Mike Zampa said, noting that hard data...
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