New signals for exports to the United States! Why are American importers stocking up again

Trade volumes at US west Coast ports grew strongly in the first half of this year. Idc connectors, Spring Terminal block and trailer reflectors sales increased.

 In the first half of 2024, the port of Los Angeles, California, handled 4.7 million 20-foot containers (TEUs), up 14.4 percent from the same period last year, according to the latest data released by the port of Los Angeles.

 Seroca said falling inflation, rising wages and a strong labor market spurred consumer spending, and "I think we will see this pattern continue with the third quarter".

     Adjacent Long Beach port also had a record total throughput in June, with inbound container throughput being the highest since mid-2022.

In the first half of 2024, the total container volume of Long Beach Port increased by 15% compared with the same period last year.

Cordero (Mario Cordero), chief executive of Long Beach, said: " We are gaining market share and as the shipping season approaches, consumer spending is driving goods to our terminals.

I think there will be a moderate growth in the second half of 2024.

” September is not the traditional peak season, and the season is coming earlier than usual because of concerns about more US tariffs on Chinese goods and the impact of strikes at ports on the East Coast and Gulf Coast.

On May 14, local time, the US released the results of the four-year review of the 301 tariffs on China, announcing that on the basis of the original tariffs, it would further raise tariffs on electric vehicles, lithium batteries, photovoltaic cells, key minerals, semiconductors, steel and aluminum, port cranes, personal protective equipment and other products imported from China.

Among them, the new tariffs for 2024 will start from August 1 this year, and the new tariffs for 2025 and 2026 will start on January 1 of that year.

On May 14, the spokesperson of the Ministry of Commerce issued a statement on the results of the US four-year review of the 301 tariff imposed on China, saying that China is firmly opposed to and making solemn representations.

The spokesperson of the Ministry of Commerce said that the US side, out of domestic political considerations, abused the 301 tariff review process, further raised the 301 tariffs imposed on some Chinese products, and politicized and tool economic and trade issues, which is a typical political manipulation. China expresses strong dissatisfaction with this.

The WTO has already ruled that the 301 tariffs violate WTO rules.

Instead of correcting it, the US goes acted and goes again.