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

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