Tuesday, May 21, 2019

Oakland Imports Up

By Karen Robes Meeks

The Port of Oakland says its import business continues to grow despite tariff increases.

Last month, the port saw its busiest April in history, with imports jumping 7 percent when compared to the same period last year while exports rose 1.7 percent.

Although the numbers are up, there’s still cause for concern since the Trump Administration raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, according to the port, which counts China its biggest trading partner.

“We entered this year with uncertainty over the trade outlook, so we’re gratified by the solid performance of import cargo,” said Port of Oakland Maritime Director John Driscoll. “At the same time, all of us involved in global trade are concerned about what comes next.”