2018 Ends With a Bang as China Tariff Worries Buoy U.S. Imports — Panjiva


2018 Ends With a Bang as China Tariff Worries Buoy U.S. Imports

China 1758 Cons. Discr. - Apparel 214 Cons. Discr. - Autos 661 Cons. Discr. - Durables 107 European Union 406 India 283 Industrials - Capital Goods 265 Info Tech - Tech Hardware 378 Japan 381 Materials - Chemicals 93 Materials - Metals/Mining 482 South Korea 383 Tariffs 1169 Trade Balance 657 U.S. 3297

U.S. seaborne imports surged 8.8% higher in December compared to a year earlier, including a 13.4% increase for containerized freight, defying expectations of a slowdown. Imports from China were the main driver with a 14.6% increase. The agreement between President Xi Jinping and President Donald Trump to suspend tariff increases was only reached at the start of December and Transpacific shipments take four to seven weeks to complete. Consumer-related products continued their steady expansion. Furniture imports led the way with a 23.4% jump. Industrial supply chains were more mixed with ...

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