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Containers United States China

US imports fall as market awaits Supreme Court tariff ruling

  • US containerised imports totalled 2.18m teu in November, down 5.4% m/m and 7.8% y/y, according to Descartes
  • National Retail Federation’s Global Port Tracker forecasts that imports in January-April 2026 will be down 10.7% y/y and 3.1% vs first four months of 2024
  • Supreme Court could rule soon on Trump’s use of IEEPA tariffs; a loss for Trump could provide sentiment boost to shipping demand

  • Analysis

It has been a surprisingly benign year for US box shipping volumes amid all the tariff chaos. The forecast is for lower imports in the first half of 2026, but there are a lot of variables in play, including what happens at the US Supreme Court

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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