Houston’s Growth May Have a Walmart Size Problem With China Tariffs — Panjiva


Houston’s Growth May Have a Walmart Size Problem With China Tariffs

China 1761 Cons. Discr. - Durables 109 Corp - Ports 663 Mode - Containerized 1006 Mode - Seaborne 1275 U.S. 3306

Port Houston’s container handling suffered a marked slowdown in growth in September with 2% growth on a year earlier from 20% in the prior three months. That was largely down to the basis effect of the recovery from Hurricanes Harvey and Irma a year earlier. Houston’s long-term growth may continue – it has expanded in 21 of the past 23 months – as new services from Asia get underway, including Orient Overseas. Yet, with volumes from China having accounted for 40% of growth in the past year there’s a clear risk that the imposition of tariffs on $250 billion of Chinese exports by the Trump...

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