The economic recovery will be gradual and retailers will adjust the amount of merchandise they import, according to NRF.
Declines expected to continue amid pandemic.
Factory shutdowns and travel restrictions in China continue to affect production.
President Trump is scheduled to sign a “Phase One” partial trade deal with China on Wednesday.
New 15 percent tariffs took effect this month and are set to be expanded on Dec. 15.
Imports at the nation’s major retail container ports are expected to grow only modestly compared with last year’s rush.
The immediate pressure to stock up on merchandise has passed but retailers remain concerned.
“More tariffs could come any day,” NRF says.
Retailers are rushing to bring merchandise into the country.
Consumers spend as tariffs take effect.
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