Import Cargo Expected to Set New Record Ahead of Potential August Tariffs

Automatically composed with AI from the cited sources

July imports are forecast at 2.47 million TEU, which would eclipse the previous monthly record of 2.4 million TEU set in May 2022, and represent a 3.3% year-over-year increase. Imports are projected to decline sharply thereafter, falling to 2.22 million TEU in August and below 2 million TEU in September through November, as frontloading driven by potential new tariffs as early as August—following the expiry of temporary Section 122 tariffs on July 24—gives way to lower volumes.