Tariffs Fail To Dent Demand as America’s Consumers Buy Foreign — Panjiva


Tariffs Fail To Dent Demand as America’s Consumers Buy Foreign

Cons. Discr. - Apparel 214 Cons. Discr. - Autos 661 Cons. Discr. - Durables 107 Industrials - Capital Goods 265 Tariffs 1169 Trade Balance 657 U.S. 3297

The strength of the American economy offset the impact of tariffs in October, with U.S. seaborne imports having surged 11.9% higher on a year earlier. That was the fastest rate of growth since March 2014 and was the result of a 16.1% surge in imports from China despite the imposition of 10% tariffs on $200 billion of products in late September. Economic growth was a major mitigating factor and can be seen in a 27.1% jump in imports from Vietnam and 25.8% from South Korea. Consumer products were the main driver of growth with imports of furniture up 14.7% and apparel by 19.7%. Industrial...

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.