Late-year Tacoma, Seattle port surge reveals tariff fears
By Bill Virgin Contributing writer
November 24, 2018 12:00 AM,
Updated November 24, 2018 12:00 AM
Here is some stuff I know, the “let’s clear out the leftovers to make room for our next holiday binge” edition:
▪ The ports of Tacoma and Seattle are having a late-year surge. For the first 10 months of the year, combined statistics show, total container volumes are up just 1.3 percent. But for October alone, container traffic was up 9.9 percent from the same month a year ago.
That could be a positive indicator about the health of the world economy, which would be reassuring news given some of the recent cautions and warnings about a slowdown.
It’s more likely, though, that the surge is driven by importers racing to beat the next round of tariffs and retaliatory duties to be imposed by the United States.
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