The National Retail Federation attributes the downturn to the increase in customs duties
Washington – The National Retail Federation (Nrf) forecasts an acceleration in the year-on-year decline of import volumes in the United States for the remainder of 2025 and the beginning of 2026. The association, which represents the American retail industry, attributes the downturn to the increase in customs duties and the choice of retailers to bring forward their supplies in anticipation of the introduction of the new tariffs. The Global Port Tracker, the Nrf’s monthly report produced by Hackett Associates, shows that import volumes peaked in July at 2.39 million teu, before beginning a steady decline compared to last year’s levels.
