Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
U.S. imports of containerized goods from China dropped 28.3% year-over-year in June, according to supply chain technology firm Descartes (NASDAQ:DSGX). The sharp decline follows a similar drop in May, largely driven by increased tariffs and ongoing trade tensions between the U.S. and China.
Total U.S. container imports fell 3.5% from June 2024, totaling 2.2 million twenty-foot equivalent units (TEUs). Imports from China reached just 639,300 TEUs, reflecting a continued shift in sourcing. China's share of U.S. imports fell to 28.8%, down significantly from the July 2024 peak of 40%, marking a steep reduction in key product categories such as furniture, toys, textiles, and footwear.
The decline comes after a period of heavy front-loading by U.S. importers who rushed shipments to beat tariff deadlines. As China’s export share shrinks, Southeast Asian countries like Vietnam, Indonesia, and Thailand have gained ground, offering alternative sourcing options for U.S. retailers and manufacturers.
Despite June’s downturn, overall U.S. ocean imports appear to be stabilizing. Descartes noted that year-to-date imports through June are tracking 3.8% above 2024 levels, though growth momentum has eased. “This isn’t as bad as it could have been,” said Jackson Wood, director of industry strategy at Descartes.
Uncertainty remains, however, as the U.S.-China trade truce that lowered punitive tariffs is set to expire on August 10. President Trump recently signed an executive order extending the current tariff reprieve from July 9 to August 1, signaling continued volatility in global trade flows.
With tariff risks looming, companies are expected to continue diversifying supply chains to mitigate exposure to future disruptions.
