Oil and Chinese Discounting May Slash U.S. Import Growth to Two Year Low — Panjiva


Oil and Chinese Discounting May Slash U.S. Import Growth to Two Year Low

Tariffs 1169 Trade Balance 657 U.S. 3297

The crash in oil prices experienced in November may lead to the slowest rate of U.S. import growth since October 2016. Import price inflation slowed to 0.7% in November from 3.3% in October. At the national level that can be seen most obviously in 0.8% price deflation for imports from Canada vs. 6.8% inflation seen in October. Deflation of 0.3% in import prices from China, from inflation of 0.3% in October, would suggest exporters are cutting prices to offset the impact of tariffs on their market share. The 4.2% rise in seaborne shipments from China to the U.S. would suggest the strategy...

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.