U.S. seaborne imports surged 13% higher on a year earlier in February, the fastest rate in two years. The timing of the lunar new year is part of the reason and will be corrected in March. The optics of surging imports will act as a goad to the Trump administration in considering implementing tariffs on Chinese products as part of the section 301 review of IP policies. Shipments from China climbed 24% on a year earlier, though imports grew across the board with the exception of Singapore (down 13%). Products where Chinese suppliers lead grew fastest including furnishings (25%) and toys (...
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