US Tariff Impact Tracker: China Imports Down in the Latest Week, Tougher Comps Expected Next Week

研报英文原文证据摘录

US Tariff Impact Tracker: China Imports Down in the Latest Week, Tougher Comps Expected Next Week

Equity Research

22 June 2026 | 3:59PM EDT

US Tariff Impact Tracker: China Imports Down in the Latest Week,

Tougher Comps Expected Next Week

US Tariff Impact Tracker: This past week, laden vessels from China to USA were Jordan Alliger

+1(212)357-4913 |

down sequentially (-4% WoW) and on a YoY basis (-6% YoY). Data suggests TEUs jordan.alliger@gs.com

Goldman Sachs & Co. LLC

coming into Port of LA will turn negative next week (-6% WoW) following this

Paul Stoddard

past week’s +1% sequential, before seeing an increase of +7% WoW two weeks +1(801)744-3761 |

out (YoY is expected to be -0.5% and -6% one week and two weeks out). What paul.x.stoddard@gs.comGoldman Sachs & Co. LLC

we will need to monitor is how levels move through June and July, which could Andrzej Tomczyk, CFA

suggest how shippers are deciding to restock with in some cases lower effective tariff +1(212)357-4445andrzej.tomczyk@gs.com|

rates amidst an uncertain geopolitical backdrop. China import comps may toughen Goldman Sachs & Co. LLC

ahead given the pull forward following the Liberation Day pause last year.

Trade uncertainty remains prevalent in global trade, especially following the

recent Supreme Court ruling and the subsequent announcement from the

administration for new tariffs under Sec. 122 (see our macro team’s

assessment). We believe that the uncertainty may have two near- to

medium-term impacts on global freight. First, given that trade uncertainty has

risen and the administration has not disclosed how it will proceed after the Sec.

122 tariffs expire in 150 days, this may impact medium- to longer-term freight

planning. Second, a more near-term impact will be countries that now have a