China’s June imports to US ports rose more-than-expected amid tariff threat

Dhwani Mehta FXStreet

Gene Seroka, Executive Director of the Port of Los Angeles, the busiest US container port and No. 1 hub for ocean trade with China, came out with the latest data that showed the Chinese imports to the US ports rose more-than-expected in June, Reuters reports.

The peak in the Chinese imports suggested that some retailers stocked beforehand to safeguard themselves amid escalating US-China trade tensions.

The volume of loaded shipping containers from China to all US ports was up 6.3 percent in June from a year earlier after falling 6.9 percent in May and 3.9 percent in April, the data showed.

Seroka’s data was sourced from IHS Markit’s PIERS and analyzed by Port of Los Angeles staff.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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