|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retailers expect to have stocked shelves for the coming holiday season after bringing in extra goods to get ahead of tariffs, the NRF says. JIMIN KIM/SOPA IMAGES VIA ZUMA PRESS
|
|
|
|
|
|
U.S. monthly imports are forecast to fall through the beginning of next year after retailers rushed in goods to get ahead of tariffs and stock up for the holidays, the WSJ Logistics Report’s Liz Young reports. The National Retail Federation’s Global Port Tracker estimates that imports will fall through the rest of the year to 1.75 million loaded containers, measured in 20-foot equivalent units, in December, the lowest level since March 2023.
January imports are forecast at 1.98 million boxes, down 11% year over year; February at 1.85 million containers, down 9%; and March at 1.79 million containers, down nearly 17%. Although the U.S.’s on-again, off-again trade policies has made it difficult for importers to plan, The NRF said retailers expect to have stocked shelves for the upcoming holiday season after bringing in extra merchandise to get ahead of tariffs.
-
U.S. consumers' moods soured further in November, with the University of Michigan’s sentiment index falling to 50.3 from 53.6, a slide that has worsened on higher prices and the government shutdown. (WSJ)
-
President Trump suggested using tariff revenue to fund payments of at least $2,000 to most Americans, excluding high-income earners. (WSJ)
-
China’s exports unexpectedly declined 1.1% in October, with shipments to the U.S. dropping for a seventh straight month, in the first year-over-year drop since March 2024. (WSJ)
-
China’s downward price pressures further eased in October, with the country’s consumer-price index unexpectedly rising 0.2%, in part on a boost from a weeklong holiday. (WSJ)
-
German exports rose 1.4% in September from August, helped by a bump in trade with the U.S. after the European Union agreed to a deal on tariffs. (WSJ)
|
|
|
|
|
|
|
$1 Trillion
|
|
U.S. holiday sales forecast for this year, up between 3.7% and 4.2% from last year, according to the National Retail Federation.
|
|
|
|
|
|
|
|
|
|
|
|
|
Production at Honda Motor's plant in Alliston, Ontario, was disrupted by a shortage of Nexperia chips. COLE BURSTON/REUTERS
|
|
|
|
|
|
Nexperia microchips are leaving China again, easing a shortage of simple but ubiquitous parts that threatened to paralyze the auto industry. The Journal’s Stephen Wilmot and Raffaele Huang write that German automotive supplier Aumovio, which was spun out of tire giant Continental, said the Sino-Dutch company’s semiconductors and components containing them were on their way from China to Aumovio’s distribution hub in Hungary.
The shipments are the first clear sign that Nexperia chip supplies are flowing more freely. China's commerce ministry earlier this month said it would grant export licenses in eligible cases. Beijing moved to halt exports of Nexperia chips last month after the Dutch government seized control of the company from its Chinese owner Wingtech, sparking warnings from automakers that they would have to suspend operations.
|
|
|
|
-
Canada added 66,600 jobs in October, decreasing the unemployment rate to 6.9% in the first decline in joblessness in four months. (WSJ)
-
Canada is flirting with recession, with unemployment still high and business investment stalling as Trump’s tariffs bite. (WSJ)
-
Global food prices fell in October, driven by lower prices for meat, dairy and sugar, the UN’s Food and Agriculture Organization said. (WSJ)
-
Trump asked the Justice Department to launch an investigation into meatpacking companies to determine whether they are colluding to drive up beef prices. (WSJ)
-
The U.S. military plans to overhaul its weapons-acquisition process to accelerate purchases and broaden its supplier base. (WSJ)
-
First Brands won bankruptcy court approval to access a loan the auto-parts supplier said is critical to continuing operation. (WSJ)
-
IKEA posted a 32% drop in fiscal-year earnings as tariffs, rising costs of raw materials and price-cutting efforts all weighed on the company’s bottom line. (WSJ)
-
A group of labor unions expressed “strong disappointment” with the Trump administration for suspending port fees on Chinese ships, saying it would hurt efforts to revive the U.S. maritime sector. (Bloomberg)
-
A pirate group behind security incidents off the coast of Somalia last week is no longer a threat to shipping, the EU naval force protecting the area said. (TradeWinds)
-
A.P. Moeller-Maersk opened its biggest contract-logistics center in the Asia-Pacific region in Malaysia. (Seatrade Maritime News)
-
Illinois lawmakers approved a plan to raise tolls on commercial trucks by 30%, starting in 2027, to help fund transit operations. (Transport Topics)
|
|
|
|
|
|
|
|
|
|