American importers are buying goods from China in anticipation of Trump's arrival.


After Donald Trump's victory in the US presidential elections, importing companies began to increase their purchases in China. This was due to the fact that Trump threatens to impose tariffs on Chinese products ranging from 10% to 60%. During the last quarter of last year, American companies tried to stockpile goods from China in advance of the expected introduction of tariffs. As a result, there was a significant increase in imports of goods from China to the US. In December, exports from China to the US reached a record level ($48.8 billion, which is 4.9% higher than the previous year).
Economists predict that Trump may impose tariffs on finished products, so importers are rushing to bring in as many consumer goods from China as possible to avoid high rates. According to Descartes Systems Group, approximately 451 thousand containers of Chinese goods were delivered in December, which is 14.5% more than a year ago. By the end of 2024, imports from China to the US are expected to increase by 15% compared to the previous year.
Thus, importing companies increased their purchases from China due to the threat of tariffs on Chinese products from President Trump. This led to a significant rise in the import of goods from China to the US, as well as an increase in supplies from other countries.
Read also
- Zelensky imposed sanctions on the developers of UAVs 'Geran' and 'Orlan-10'
- The Russian Army has increased the number of airstrikes in Chernihiv region
- Dutch Defense Minister: The Ukrainian Army is Among the Most Innovative in Europe in Certain Aspects
- Russians are regrouping: attacks in the Novopavlivka direction have decreased
- Battle for Chasiv Yar: occupiers concentrate troops in the central areas of the city
- Russia has launched a massive attack on Odesa with strike drones: there are casualties