{"id":172088,"date":"2025-06-10T04:59:18","date_gmt":"2025-06-10T04:59:18","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/172088\/"},"modified":"2025-06-10T04:59:18","modified_gmt":"2025-06-10T04:59:18","slug":"imports-will-surge-during-tariff-pause","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/172088\/","title":{"rendered":"Imports Will Surge During Tariff Pause"},"content":{"rendered":"

The uptick, the federation (NRF) said in a\u00a0news release<\/a>\u00a0Monday (June 9), will happen as retailers take advantage of a 90-day reduction in tariffs imposed on China.<\/p>\n

\u201cThis is the busiest time of the year for retailers as they enter the back-to-school season and prepare for the fall-winter holiday season,\u201d NRF Vice President for Supply Chain and Customs Policy\u00a0Jonathan Gold<\/a>\u00a0said in the release.<\/p>\n

\u201cRetailers had paused their purchases and imports previously because of the significantly high tariffs. They are now looking to get those orders and cargo moving in order to bring as much merchandise into the country as they can before the reciprocal tariff and additional China tariff pauses end in July and August.\u201d<\/p>\n

Gold added that while retailers want to make sure consumers can still find the products they\u2019re seeking at affordable prices, there is still \u201cconsiderable uncertainty\u201d about what happens when the 90 days are up. The NRF is calling on the White House to continue negotiating with trading partners to \u201crestore predictability and stability to the supply chain.\u201d<\/p>\n

The NRF also notes that many retailers suspended or canceled orders after the Trump administration imposed a 145% tariff on China in April but have resumed imports once tariffs were reduced to 30%\u00a0following the 90-day pause<\/a>.<\/p>\n

\u201cOur projections show that May saw a significant reduction in imports as shippers responded to the higher tariff environment,\u201d said\u00a0Ben Hackett<\/a>, whose firm,\u00a0Hackett Associates<\/a>, conducted the import research with the NRF.<\/p>\n

\u201cHowever, tariff reductions will lead to a surge in imports in June through August as importers take advantage of the various 90-day pauses. The peak for the winter holidays will come early this year, making it simultaneous with the peak for the back-to-school season. If higher tariffs are not delayed again, we can expect the final four months of the year to see declining volumes of imports.\u201d<\/p>\n

Meanwhile, a recent survey by the\u00a0Federal Reserve Bank of Atlanta<\/a>\u00a0finds that business executives don\u2019t feel they can pass on the full cost of tariffs to their customers the way they did the last time higher duties were imposed in 2018.<\/p>\n

The survey found \u201ca diversity of views\u201d among businesses, although companies on average said they believe they can pass through 51.1% of a\u00a010% cost increase<\/a>\u00a0and 47.3% of a 25% cost increase without cutting the current level of demand for products or services.<\/p>\n

\u201cCompared to the 2018 episode, where research suggests nearly full pass-through of costs into prices, our results suggest many firms believe their\u00a0customers are price-sensitive<\/a>\u00a0enough this time around (perhaps owing to the recent inflationary surge that isn\u2019t too far in the rearview mirror) that they cannot pass through the entire cost increase without reducing demand,\u201d the researchers wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"The uptick, the federation (NRF) said in a\u00a0news release\u00a0Monday (June 9), will happen as retailers take advantage of…\n","protected":false},"author":2,"featured_media":172089,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1395,1700,475,71560,12,33301,3279,363,1828,479,1523,1201,1219,16,15,3281],"class_list":{"0":"post-172088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china","10":"tag-economy","11":"tag-imports","12":"tag-national-retail-federation","13":"tag-news","14":"tag-nrf","15":"tag-pymnts-news","16":"tag-retail","17":"tag-supply-chain","18":"tag-tariffs","19":"tag-taxes","20":"tag-trade","21":"tag-trade-war","22":"tag-uk","23":"tag-united-kingdom","24":"tag-whats-hot"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114657307228982877","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/172088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=172088"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/172088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/172089"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=172088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=172088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=172088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}