In a bid to secure inventories for the upcoming holiday season, U.S. retailers are expediting their orders from China.
This move comes in light of the potential tariff hikes expected later this year, as per shipping executives.
Retailers are advancing their orders by four to six weeks to gear up for Black Friday and Christmas sales amid the uncertainty that ensued following U.S.
President Donald Trump's recent visit to China, Reuters reported on Tuesday.
"There is an expectation that tariffs could be raised again, or restored to previous levels, so everyone is rushing to get goods in before that happens," Tony Meng, a senior sales manager based in China at shipping firm XPD Global told the publication.
