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Sat, Nov

Tariff-Driven Frontloading Pays Off as Trump Reinstates Global Import Duties

Tariff-Driven Frontloading Pays Off as Trump Reinstates Global Import Duties

World Maritime
Tariff-Driven Frontloading Pays Off as Trump Reinstates Global Import Duties

Months of tariff-driven frontloading appear to have paid off for U.S. importers.

As expected, President Donald Trump on Friday reinstated broad-based tariffs on imports from 60 trading partners, replacing the temporary 10% global tariff that expired overnight with a new tariff regime under Section 301 of the Trade Act of 1974.

The move validates what retailers, manufacturers and other importers have been preparing for over the past several months: bringing cargo into the United States before the next round of trade barriers took effect.

The National Retail Federation (NRF) and Hackett Associates had already forecast an unusually early peak shipping season,

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