Tariff Quote Watch: Panasonic May Have to Swallow Tesla Tariff Costs — Panjiva


Tariff Quote Watch: Panasonic May Have to Swallow Tesla Tariff Costs

China 1761 Cons. Discr. - Autos 664 Info Tech - Tech Hardware 378 Japan 381 Tariff Quote Watch 92 Tariffs 1172 U.S. 3306

Panasonic has indicated that sales of its electronics products are facing two major challenges from the U.S.-China trade war. Firstly tariff uncertainties have meant the firm’s “Chinese customers don’t know what to invest in”, cutting spending on Panasonic’s components. Second Panasonic’s contracts with Tesla cover components that face higher tariffs, which it may not be able to pass on. Chinese suppliers accounted for 33.2% of Panasonic’s U.S. seaborne imports in the past 12 months. There’s actually been an increase in imports with a 22.5% surge in imports from China in the third quarte...

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.