New York City, New York Dec 6, 2024 (Issuewire.com) - Increasing signs indicate that under the uncertainty brought by tariffs and immigration policies in the Trump 2.0 era, American retailers and importers are continuously ramping up their stockpiling efforts.
Data shows that as businesses hasten imports to avoid potential tariff hikes and disruptions related to strikes at backup ports, the number of imported containers handled by the busiest maritime trade center in the U.S. is steadily surging.
Last month, the Port of Los Angeles handled 462,740 twenty-foot equivalent units (TEUs) in imports. According to port data, it also processed 122,716 TEUs in exports and 319,570 empty containers that month.
Nearby, the Port of Long Beach processed nearly one million import, export, and empty containers in October, breaking the record set two months earlier.
The ports of Los Angeles and Long Beach together account for about one-third of the total container imports in the U.S. This year, they are experiencing the busiest peak season in historyarriving earlier and lasting longer than in previous years. In July, August, and September, the number of vessels docking at San Pedro Bay reached an all-time high, and the Port of Los Angeles processed the highest number of containers in 116 years during this season.
In October, Southern California ports handled a total of 950,303 imported containers, just shy of the record 980,450 containers set in May 2021. Pandemic-driven demand for consumer goods and supply chain disruptions led to a massive backlog of vessels at sea and containers piled up at the docks.
At the same time, merchants in Yiwu, China, are among those concerned with international events. The changing global landscape often creates ripples in the market. Recently, it was Trump who stirred the Yiwu market. Although he won't officially take office until January, he has already raised the prospect of imposing tariffs, announcing a potential 60% tax on Chinese products. Just as Yiwu merchants were contemplating their strategies, an unexpected wave of demand surged in.
"Business has improved recently," said a shop owner in Yiwu. "In October, sales were up about 16% year-on-year, and November is even better, with an increase of 20-30%. This is partly due to the rising demand for overseas Christmas and New Year products, and many foreign merchants are stockpiling." The owner noted a particularly striking trend with several American supermarket clients who expressed a need to stock up in anticipation of next year's tariff increases.
More On Intelliupdate ::
- Wordfusion Redefines Language Dynamics with 'Another Word for Good' Synonym Showcase
- Andrea Dorfmeyer, Recognized by BestAgents.us as a 2024 Top Agent
- Celeste Castillo, Recognized by BestAgents.us as a 2024 Top Agent
- Flamingo Launches Plus-Size Collection For Curvy Women
- Edward Barksdale, Jr. MD Assumes Role as Chief of Surgery for Chicagoland Children's Health Alliance
Another trade company owner, who has his shoe factory in Yiwu and whose customers are primarily in the U.S., also experienced this influx. "Recently, U.S. supermarket clients have all asked to stock up, fearing that tariffs will increase next year. Now, the order volume is about 50% higher than before." Additionally, relatively low shipping costs have accelerated overseas clients' ordering pace. "Shipping prices are currently quite cheap, making it a good time to increase orders."
With some time left before the official announcement of tariffs, many Wall Street investors have capitalized on this wave by trading domestic and foreign stocks related to industries impacted by increased tariffs, achieving significant returns. How can ordinary investors adjust their portfolios in response to this trend?
Especially in the current turbulent U.S. economic environment, ordinary investors face even greater challenges when making investment decisions. What strategies can help them optimize their investment approaches?
To address these challenges, MAXE, an innovative investment tracking app, is dedicated to helping investors find asset portfolios that suit their needs, said the CEO of MAXE. We provide users with direct access to the portfolios of respected investors, fund managers, and government officials. By tracking real-time changes, we empower users to navigate the complexities of the financial market with confidence. This feature removes information barriers that hinder investors, keeping them updated on market developments. As a result, users can make timely adjustments to their portfolios, aligning their strategies with those of industry leaders.
One of the standout features of MAXE is its ability to provide users access to the portfolio holdings and trading activities of top industry experts across various sectors. This unprecedented transparency allows users to observe, in real-time, the asset allocations and investment decisions made by renowned investors.
By studying the portfolio compositions and trading patterns of elite fund managers, MAXE users can gain invaluable insights to enhance their investment decision-making. Rather than relying solely on generalized market analysis or second-hand commentary, MAXE empowers users with a direct view of the investment strategies and risk management practices of industry leaders. This unique visibility offers users a distinct advantage, enabling them to potentially emulate the proven techniques and allocation models of these accomplished investors.
And to help ordinary investors capitalize on opportunities that may be missed due to limited information and delays, MAXE has introduced an innovative AI financial management assistant. This assistant utilizes big data and a proprietary algorithm to gather the latest financial insights from various sources. Users can ask questions relevant to their situations, and the assistant will generate a customized investment and financial management strategy based on current market conditions and data analysis. This personalized approach provides users with a clearer understanding of the market landscape.
Additionally, MAXE offers real-time market data for various popular assets, including stocks, bonds, and foreign exchange, all presented through engaging data visualizations. We also compile comprehensive information on assets of interest, including news, financial updates, and regulatory filings, enabling users to gain a well-rounded perspective on those assets.
MAXE serves users worldwide, with over 300,000 app downloads to date. This milestone reflects a growing recognition of MAXE's value, as more individuals turn to the app to enhance their investment and financial management strategies.
MAXE is now available on Google Play and the App Store! Say goodbye to traditional financial management methods and step into the future of finance with MAXE. For more information, visit our website at www.maxeai.com and follow us on social media for the latest updates and tips on financial management.
Source :MAXE AI
This article was originally published by IssueWire. Read the original article here.