US Tariffs Begin to Bite into Trade
Businesses, ports face uncertainty as Washington's duties disrupt commerce
US imports of container goods saw a big decline in September, as the effects of US-initiated tariffs on foreign nations began to bite, analysts said.
US container cargo imports in September slumped 8.4 percent year-on-year, according to the Global Shipping Report published recently by Descartes, a supply chain technology and data provider. It included a significant 22.9 percent fall in cargo from China.
David A. Gantz, an economist at the Baker Institute at Rice University...
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