America’s ports soon could face a surge from stockpiling

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CNN posted an update

23 minutes ago

US ports are facing a dramatic slowdown in cargo – but they could see the exact opposite in a matter of weeks.

Starting Wednesday, cargo leaving China bound for the United States will carry a 30% tariff rate – a reduction from the higher 145% tariff that was in place for six weeks. The United States and China announced a dramatic de-escalation in tariffs on Monday, lowering cripplingly high rates for 90 days. Experts say retailers will likely frontload more cargo during the pause, working against the clock to bring in inventory before things change again. #CNN #News

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