The Commerce Ministry confirmed that Chinese exporters were front-loading shipments to the United States to get ahead of expected tariffs. AFP / STR
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Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent in June from a year earlier after falling 6.9 percent in May and 3.9 percent in April, said Gene Seroka, executive director of the Port of Los Angeles, the busiest U.S. container port and No. 1 hub for ocean trade with China.Trump has vowed to reset the United States' global trade agreements, which includes a threat to impose tariffs on more than $500 billion worth of Chinese goods.
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