Import cargo at major US container ports to see 1st YoY dip since 2023

Import cargo at major US container ports is expected to see its first YoY drop in over a year and a half in May as the effect of tariffs imposed by the administration on the supply chain rises, a report by the National Retail Federation and Hackett Associates said.
Imports are expected to be down by at least 20 per cent YoY from June into this fall.
Many retailers are pausing or cancelling orders.