Peak of Peak Season Already Passed As Trump’s Tariffs Begin to Bite — Panjiva


Peak of Peak Season Already Passed As Trump’s Tariffs Begin to Bite

China 1758 Cons. Discr. - Apparel 214 Cons. Discr. - Autos 661 Cons. Discr. - Durables 107 Cons. Discr. - Retailing 156 Industrials - Capital Goods 265 Materials - Metals/Mining 482 Tariffs 1169 Trade Balance 657 U.S. 3297

The widening application of tariffs by the Trump administration may have started to have a significant effect on U.S. imports. Seaborne shipments in August were just 1% above the prior year’s level after a 7% rise in the prior three months. They were also below July’s for only the third time in the past 11 years (the previous being 2013). That was the result of a 1% drop in shipments from China following the imposition of duties on $50 billion of Chinese exports. More of the same can be expected given the likely widening to a further $200 billion of products as soon as this month. ...

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