U.S. Container Ports Report Surprising Growth Despite Tariffs

gCaptain ^ | August 20, 2019 | The Loadstar

[artichokegrower]

Despite the escalating US/China trade war, the ten biggest US container ports posted a surprisingly robust 2.7% year-on-year import throughput growth in July, for a cumulative 1,865,645 teu.

[artichokegrower]

Mr Skou attributed this to several factors: the weakening of the Chinese currency against the US dollar; the absorbing of some of the extra tariff costs by exporters through lower margins; and the relocation of US exports to other Asian countries outside China.

So it looks like the USA is winning in this economic poker game with China.

[babble-on]

So much winning. /s

[bray]

Maybe there won’t be a recession 3 years from now?

[abb]

Unexpected...

[onona]

Surprisingly...

[Mr Ramsbotham]

China’s not the only country exporting goods.

[DoodleDawg]

Depends on how you define winning. If the goal was to bring this manufacturing back to the U.S. then it obviously isn’t happening. We’re growing more dependent on imports by the day, just not necessarily ones from China.

[rb22982]

Actually, manufacturing jobs so far under Trump are up quite a bit vs falling off a cliff the last 2 presidents. I’d rather be dependent on other countries than China. Also, tariff income is preferable to any other type of tax.