Cali’s December Fortunes Bode Ill For Trump’s Favorite Trade Metric — Panjiva
Más

Panjiva_research_logo

Cali’s December Fortunes Bode Ill For Trump’s Favorite Trade Metric

Corp - Ports 661 Mode - Containerized 1005 Mode - Seaborne 1273 Trade Balance 657 U.S. 3301

California’s ports saw a surge in traffic in December after handling at the ports of Los Angeles, Long Beach and Oakland climbed 10.9% year over year. A 24.3% increase in imports from China, ahead of now-delayed tariff increases, was the primary driver. The outlook for the new year will depend in part on U.S. trade talks with China as well as the seasonal effect of the earlier lunar new year. The data for California’s exports is less positive after a 10.0% year over year drop for the month and a 5.0% decline for the quarter. That bodes ill for the state of the local economy. It also sugg...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.