Comment / Snapshot: US import volumes are going down the can

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Are the first signs of the long-term structural damage to US container trades caused by Trump’s so-called reciprocal tariffs beginning to show themselves?

We’ll get there shortly.

Bigger picture first

Yesterday, in a recap for the current quarter*, equity research house Bernstein told investors that ocean volumes rose +5% in July, but rates keep falling sharply.

(*Titled: ’Supply Chain Pulse Check: Ocean slows sharply post-peak’)

Looking backwards, they noted that volumes increased by 5% year on year in July, “an improvement vs low single-digit gains ...