Incoming cargo to the Port of Charleston is on the rise as overseas shippers appear to be getting ahead of higher tariffs imposed by the Trump administration.
According to The Post and Courier, the port had 92,947 cargo units of containerized volume last month. That is a 15.1 percent increase over October 2017 and 16 percent more than in September.
Imported goods include auto parts, such as engines headed to the BMW plant in Spartanburg County. Those components are subject to U.S. tariffs on Chinese goods that are set to increase from the current rate of 10 percent to 25 percent in January.
Imports have increased by 10.1 percent during July-October from the same timeframe last year.
However, exports have slowed out of South Carolina. Cargo headed for overseas markets was down 1.4 percent in October and dropped 15.1 percent in September. Exports declined 1.1 percent during July-October when compared with the same period last year.