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Home / Business / US ports are preparing for a surge in imports before new duties are levied on China money

US ports are preparing for a surge in imports before new duties are levied on China money



  A container ship is shown in the harbor of Long Beach, California, on July 16, 2018. - Reuters pic "title =" A container ship is shown in the harbor of Long Beach, California, on July 16, 2018. - Reuters pic "width =" 800 "height =" 531 "/>

 
<figcaption class= A container ship is shown in the harbor of Long Beach, California, on July 16, 2018. – Reuters pic

NEW YORK, August 21 – The recent crashes in President Donald Trump's trade war with China have created the preconditions for a possible reiteration in late 201

8, when goods were pouring into the American ports against new tariffs.

US importers, retailers and shippers are preparing for a new round of punitive tariffs on Chinese goods, expected to occur in two steps, September 1 and December 15, as was demand last year very high after products before the Christmas shopping season.

The rise at the end of 2018 helped the major US ports to new freight records. The onslaught, however, also increased costs as importers ran to bring their goods under the wire, only to be forced to leave them for exceptionally long time on ships or in warehouses where scarce capacities meant premium rates.

I do not need the goods that came in. It was just a financial game to avoid the higher taxation, "said Gene Seroka, managing director of the Port of Los Angeles.

Now the harbors are at the forefront of growing US China Some experts say import growth may be more modest this time as Trump's latest bargaining announcement is tailored for a new year-end holiday storm.

More time for importers

Trump announced on August 1, his plan to impose tariffs of 10 percent on Chinese goods on September 1 to $ 300 billion (1 , RM 25 trillion) aimed at all products that were not affected by previous customs rounds. [19659005] But after an outcry from retailers ov Due to the impact on consumers, Trump has slipped and suspended tariffs on more than half of the lists in the past week and until December 15, toys, cell phones, laptops and other items saved theirs Orders shipped and accelerated their orders to exceed the new taxes.

Shippers ask, "Can the factories produce fast enough, can we advance orders?" Seroka told AFP. "It's a similar conversation as last year."

Joe Shamie, owner of Delta Enterprises, a New York based retailer specializing in cots, baby equipment and children's furniture, plans to accelerate orders this year again as marginal.

"We will be frontloading," said Shamie AFP. But he said, "There are limits to how much I can finance. There are limits to what I can store.

Rates for December 15 include pedestrians, high chairs and bouncers – all items sold by Delta come into effect January 1, 2019, but were imposed only in May. Delta raised prices to offset the hit, Shamie said.

A big bump for harbors?

Los Angeles is one of the harbors that set a record volume in 2018 and posted impressive numbers in 2019, which offset the decline in trade with China, Vietnam, Thailand and other Asian countries with higher volumes, Seroka said.

] Located on the west coast, Los Angeles and the neighboring port of Long Beach include the San Pedro Bay Port Complex, which leaves most of its trade for China.

Ports in the Northeast, Southeast and According to experts, the Gulf Coast benefited less from frontloading.

Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation, said that importers are still thinking about tariff lists that were released just last week to decide on the next steps.

"Retailers are still trying to figure out their strategy," he said.

But they are mostly unlucky when it comes to the goods on the list of September 1 because some already I was n transit as Trump announced the tariffs.

"It's very difficult to negotiate with your suppliers if the product is already on the water," Gold said.

Limited Warehouse Capacity in US Ports across the Country Provides Another Challenge According to Walter Kemmsies, a General Manager of Jones Lang LaSalle, a commercial real estate company, new low-sulfur fuel standards will come into effect on January 1, likely to end some ships Year because of upgrades out of service.

Nevertheless, Kemmsies expects another increase: "I think every slot will be occupied."

A strong US consumer is creating a strong demand for products, but a slowing trade with China due to earlier 25 per cent tariff rounds could ease the impact on ports. Recession fears in the US could also dampen demand.

Hackett Associates, a trading consultant, Daniel Hackett, predicted less frontloading this time than last year (25 percent).

"I think we'll see a slight bump," he said, adding in an email that "it's really hard to tell what's real when policies are announced via Twitter. "- AFP


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