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

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