rob magazine

Christmas is still a ways off, but this time each year, armadas of ships carrying toys, electronics and other future gifts are making their way across the oceans headed for the mother of all consumer markets: America.

That’s in normal years, which this certainly isn’t, as U.S. President Donald Trump rips up the world economic order by erecting steep tariff walls around his country. As a result, fewer cargo ships than usual are U.S.-bound right now, according to early trade data, setting the 2025 holiday season up as the Christmas that tariffs ate.

June is typically the month retailers begin to fill their warehouses with goods for the holiday rush, kicking off a four-to-five-month-long flurry of activity. But the June numbers on U.S. imports (the latest available at press ti

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