Fashion
US import volumes set to dip below 2 mn TEUs in 2025 amid high tariffs
The latest tariffs—25 per cent on upholstered furniture regardless of country and the same rate on kitchen cabinets and bathroom vanities—are set to take effect next week and increase in January. And a tariff increases on imports from China that was delayed by 90 days in August is scheduled to go into effect November 10, unless a deal is reached or President Donald Trump decides on another delay, NRF said in a press release.
“This year’s peak season has come and gone, largely due to retailers frontloading imports ahead of reciprocal tariffs taking effect,” said Jonathan Gold, vice president for supply chain and customs policy at NRF. “New sectoral tariffs continue to be announced, but most retailers are well-stocked for the holiday season and doing as much as they can to shield their customers from the costs of tariffs for as long as they can.”
US import cargo volumes at major ports are expected to drop below 2 million TEU monthly for the rest of 2025 as tariffs rise and retailers remain well-stocked, according to the NRF and Hackett Associates.
Peak season imports have passed, with October to December volumes projected to fall up to 19 per cent YoY, reflecting early shipments and ongoing tariff uncertainty.
“Ongoing volatility in US tariff policy is creating significant economic uncertainty, with trade volumes expected to see unpredictable shifts over the next four to six months,” said Ben Hackett founder of Hackett Associates. “Many large companies pre-emptively imported goods to build up inventories, but as those stockpiles are depleted, the full inflationary impact of the tariffs will become apparent.”
US ports covered by Global Port Tracker handled 2.32 million TEU—one 20-foot container or its equivalent—in August. That was down 2.9 per cent from July’s 2.39 million TEU—the peak month for the year—but up 0.1 per cent year over year (YoY).
Ports have not yet reported numbers for September, but Global Port Tracker projected the month at 2.12 million TEU, down 6.8 per cent year over year.
October is forecast at 1.97 million TEU, down 12.3 per cent YoY, and November at 1.75 million TEU, down 19.2 per cent. December is forecast at 1.72 million TEU, down 19.4 per cent YoY for the slowest month since 1.62 million TEU in March 2023.
While the falling monthly totals are related to tariffs, the YoY percentage declines are both because of this year’s early peak season and because imports in late 2024 were elevated by concerns over port strikes, added the release.
The first half of 2025 totalled 12.53 million TEU, up 3.7 per cent year over year. The full year is forecast at 24.79 million TEU, down 2.9 per cent from 25.5 million TEU in 2024.
January 2026 is forecast at 1.87 million TEU, down 16.1 per cent year over year, and February 2026 is forecast at 1.77 million TEU, down 12.8 per cent.
Fibre2Fashion News Desk (SG)
The package establishes a modern framework for both sides, enabling frictionless access to a market of 460 million consumers in key sectors, delivering economic benefits to both parties.
European Commission President Ursula von der Leyen and Swiss President Guy Parmelin yesterday signed a broad package of agreements aimed at deepening and expanding EU-Switzerland ties.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides of the border.
Additionally, it will ensure more consistent rules for individuals who live, work or study across the EU-Swiss border. Switzerland will contribute to the development of legislation in the areas covered by the package and will have the opportunity to influence these rules as they are being designed.
“By modernising and deepening our ties across key sectors, from trade and transport to health and energy—we are strengthening legal certainty, fostering innovation and creating new opportunities for our citizens and businesses,” von der Leyen said in a release from the Commission.
The package includes updates to four already existing agreements, which already give Switzerland access to the EU internal market, regarding air transport, land transport, the free movement of persons and mutual recognition of conformity assessment.
New agreements on food safety, electricity, health and Switzerland’s participation in the EU Agency for the Space Programme were signed. A new agreement introduced a permanent and fair financial contribution by Switzerland to economic and social cohesion within the EU.
Apart from a protocol on parliamentary cooperation, the package includes also a joint declaration on the establishment of a high-level dialogue on the broad bilateral package.
Fibre2Fashion News Desk (DS)
Following earlier increases in purified terephthalic acid (PTA), melt and PSF, Indian producers have now raised PFY prices. POY, FDY and PTY prices have been increased by ****;* per kg across all deniers and lustres with effect from March *, reflecting rapid cost pass-through amid heightened volatility in crude-linked value chains, according to the market sources.
In the previous weekly revision effective February **, ****, PTA was increased by ****;*.** per kg to ****;**.** per kg, while monoethylene glycol (MEG) was retained at ****;**.** per kg. Polyester melt prices were raised by ****;*.** per kg to ****;**.** per kg. Downstream PSF prices were also revised upward by ****;*.** per kg from March *.
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