Record Global Trade in July Helped by Tariff Rush — Panjiva


Record Global Trade in July Helped by Tariff Rush

Global 722 Tariffs 1169 Trade Balance 657

Global trade activity likely reached a record high in July after a 4% increase on a year earlier. A surge in imports into the U.S. (5% higher vs. 4% in June) and emerging Asia (13% from 6%) were the main drivers. That’s not a surprise given the widening trade war between the two and importers’ desire to beat tariffs. With an increase in product coverage to $360 billion in bilateral trade in September from $68 billion in July it’s likely global trade growth continued to be robust in August. That’s supported by evidence from early reporters including China, South Korea and Japan with globa...

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.