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US imports fall more than expected in June on tariff concerns, trade body data shows
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US imports fall more than expected in June on tariff concerns, trade body data shows
Aug 8, 2025 11:40 AM

Aug 8 (Reuters) - Imports into the United States fell

more than expected in June as concerns around shifting tariff

policies hit retailers, raising fears of fewer product options

in stores for shoppers, data from the National Retail Federation

showed on Friday.

WHY IT'S IMPORTANT

The data comes as several of U.S. President Donald Trump's

sweeping tariffs went into effect this week. As of August 7,

duties range from 10% to 50%, with India, Brazil, and

Switzerland facing some of the highest rates.

Since April's "Liberation Day" announcement of a 10%

baseline tariff, Trump has adjusted rates frequently. A

temporary truce with China in May reduced tariffs to 30%, but

new hikes resumed in July.

BY THE NUMBERS

U.S. ports covered by NRF's report handled 1.96 million

20-foot containers or its equivalent in June, which was down

8.4% year-over-year, but up 0.7% from May.

That was a bigger drop from the NRF forecast from a month

ago. The trade body had then projected ports would handle 2.06

million TEU in June, up 5.9% from May but down 3.7% year over

year.

Moreover, import cargo volume at major container ports in

the U.S. is tentatively expected to end 2025 5.6% below 2024's

volume, NRF's forecast showed on Friday.

CONTEXT

Apparel retailers, including Under Armour ( UAA ), Deckers

Outdoor ( DECK ) have reported tariff impacts in the past couple

of months and are taking steps to diversify their supply chain

to avoid tariffs on goods routed through or sourced from

Southeast Asian countries like Vietnam.

KEY QUOTE

"Tariffs are beginning to drive up consumer prices, and

fewer imports will eventually mean fewer goods on store

shelves," NRF Vice President for Supply Chain and Customs Policy

Jonathan Gold said.

"We need binding trade agreements that open markets by

lowering tariffs, not raising them."

Tariffs will result in higher prices for U.S. consumers,

less hiring, lower business investment and a slower economy, he

added.

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