Tariff Quote Watch: Flowserve Streams Duty Hikes To Customers, Can Switch Supplies — Panjiva
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Tariff Quote Watch: Flowserve Streams Duty Hikes To Customers, Can Switch Supplies

China 1758 Industrials - Capital Goods 265 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Industrial equipment maker Flowserve issued 2019 earnings guidance that was below analysts’ expectations. So far the firm has been able to pass through duties on imports from China – which represented 23.8% of U.S. seaborne imports in 2018 – in the form of higher prices. Yet, CEO Robert Rowe has stated that the firm faces a “volatile environment” and that its competitors do “not necessarily follow suit”. Flowserve has already started to trim its imports from China, which fell 9.5% year over year in 4Q, while increasing those from India. A further shift appears pos...

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