Tariffs likely to affect US port throughput, but not revenues
Ratings agency report takes the view that ‘any long-term imposition of higher tariffs would result in lower US consumer demand, which would reduce US imports and curb trade volumes beyond 2019’
Forecast by Fitch Ratings says that US port throughput might fluctuate as Sino-US tariff spat continues and also says that all-water routes via the Suez Canal may become comparatively more cost-effective for importing goods to the US compared with traditionally dominant transpacific routes