Tariff tide changing under Biden as China duties do job but start to lose traction

China 2728 Cons. Discr. - Durables 390 Germany 220 Industrials - Capital Goods 506 Info Tech - Tech Hardware 660 Japan 540 Taiwan 172 Tariffs 1701 Trade Deals 935 U.S. 4848

The U.S. Commerce Department has ended its national security tariff review into imports of mobile cranes. The complainant, Manitowoc, cited “a changing economic environment due to the effects of the COVID-19 pandemic” in its request to end the review. Panjiva’s data shows imports of the mobile cranes covered by the case fell by 39.9% year over year in Q3’20. The case was unlikely to proceed under a Biden administration anyway given it covered shipments from allies Germany and Japan, including those by Liebherr and Tadano. While ally-targeting tariffs such as steel and aluminum duties may...

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