;
Home / Knowledge / News / Textiles / US imports rising, but threatened by growing trade war: NRF
US imports rising, but threatened by growing trade war: NRF
17
Apr '18
Courtesy: Artem Bali from Pexels
Courtesy: Artem Bali from Pexels
Imports at major US retail container ports are expected to grow at 5.8 per cent year-over-year in April but could be threatened in future if the developing trade war between the United States and China continues to escalate, according to the monthly Global Port Tracker report released recently by the National Retail Federation (NRF) and Hackett Associates.

According to NRF vice president for supply chain and customs policy Jonathan Gold, if tariffs lead to a reduction in imports and exports, that will put dockworkers and countless others in the supply chain out of work. American consumers and workers should not be punished for China’s wrongdoing, an NRF press release quoted him as saying.

Ports covered by Global Port Tracker handled 1.69 million twenty-foot equivalent units (TEU) in February. That was down 4.1 per cent from January but up 15.8 per cent from a year ago. A TEU is one 20-foot-long cargo container or its equivalent.

March was estimated at 1.54 million TEU, down by 1.2 per cent year-over-year. April is forecast at 1.72 million TEU, up by 5.8 per cent from last year; May at 1.82 million TEU, up by 4.1 per cent; June at 1.83 million TEU, up by 6.5 per cent; July at 1.88 million TEU, up by 4.5 per cent, and August at 1.9 million TEU, up by 3.9 per cent.

The first half of 2018 is expected to total 10.4 million TEU, an increase of 5.6 per cent over the first half of 2017. The total for 2017 was 20.5 million TEU, up by 7.6 per cent from 2016’s previous record of 19.1 million TEU. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pxhere

Textiles | On 24th Jan 2019

Cabinet okays National Bench of GST Appellate Tribunal

The Union Cabinet, chaired by Prime Minister Narendra Modi, has...

Piyush Goyal likely to present Interim Budget 2019-20

Textiles | On 24th Jan 2019

Piyush Goyal likely to present Interim Budget 2019-20

Minister of railways Piyush Goyal is likely to present Interim Budget ...

Courtesy: Pxhere

Textiles | On 24th Jan 2019

China's textile & apparel exports up 3.5% in 2018

Textile and apparel exports from China increased by 3.5 per cent...

Interviews View All

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search