Tariff Quote Watch: Navistar Steers Around Steel Tariffs, May Hit The 232 Review — Panjiva
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Tariff Quote Watch: Navistar Steers Around Steel Tariffs, May Hit The 232 Review

Brazil 260 China 1758 Cons. Discr. - Autos 661 India 283 Industrials - Capital Goods 265 Metals - Steel 360 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Truck and bus maker Navistar has reported fiscal 2018 results that were below analysts’ expectations at the EBITDA line after facing increased costs. CFO Walter Borst has indicated that a new procurement venture has “more than offset the impact of tariffs and higher commodity costs.” That follows the company’s imports of steel declining by 11.1% in the three months to Nov. 30 from the first quarter of 2018. The firm may face bigger issues from the ongoing section 232 review of the automotive industry which will likely include components that are also used for trucks. Navistar’s seaborne...

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