Tariff Quote Watch: FMC Leans on Exemption Appeal to Kill Off Tariff Pests — Panjiva


Tariff Quote Watch: FMC Leans on Exemption Appeal to Kill Off Tariff Pests

China 1760 Materials - Chemicals 93 Tariff Quote Watch 91 Tariffs 1170 U.S. 3301

Chemicals manufacturer FMC Corp has indicated that U.S. tariffs on Chinese exports could deduct as much as $35 million from pre-tax profits, or 3.1% of consensus forecasts, in 2019. That assumes current tariff rates increase to 25% from 10%. CEO Pierre Brondeau has indicated the company is attempting to get tariff exemptions in the first instance, though it should be noted that none have so far been granted by the U.S. government for any importer. The company already appears to have scaled back its seaborne imports from China by 58.6% in the third quarter vs. the second quarter. It may s...

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