Navigate Market Changes with GCP’s November Trade Report
Discover timely trade insights and practical strategies to help your business stay resilient and uncover new opportunities.
Highlights from the Report:
- In 2025, the average U.S. tariff rate reached approximately 11.2%, the highest level seen since the early 1940s.
- Between January and August 2025, U.S. tariffs generated $101.2 billion in government revenue, equating to an estimated $1,100 in additional costs per U.S. household.
- Raw materials prices increased for a 14th straight month (and at a faster rate compared to the pervious month).
- Global business activity was positive, with manufacturers reporting continued growth in new orders and output, albeit at slower rates than in October.
- Inflationary pressures remained relatively muted; however, signs of rising cost pressures and higher selling-price inflation in the U.S. warrant close monitoring.
- U.S. exports of industrial supplies and materials surged 12.1% month-over-month (MoM), while import growth remained subdued, increasing by less than 1% from the prior month.
- U.S. ports processed 1.91 million TEUs, representing an -11.6% year-over-year (YoY) decline and the lowest monthly volume of the year.
- China’s share of total U.S. imports declined to 32.7% in November, down from 34.9% in October.
- Ocean freight rates are expected to remain under pressure through December, with both Asia/West Coast and Asia/East Coast lanes hovering just above their 2025 lows.
- Truckload spot rates are surging as demand spikes amid rising tender rejections, with winter weather eliminating the typical early-December lull.
Learn more about these key issues in the full report linked below.
Estimated Reading Time: 10 minutes
Report Length: 3123 words
