Blame Europe and Cars, Not China and Tariffs For November Slowdown — Panjiva


Blame Europe and Cars, Not China and Tariffs For November Slowdown

China 1793 Cons. Discr. - Apparel 218 Cons. Discr. - Autos 676 Cons. Discr. - Durables 114 Energy - Conventional 278 European Union 414 Industrials - Capital Goods 271 Materials - Metals/Mining 496 Trade Balance 667 U.S. 3362

The 21-month run of growth in U.S. seaborne imports may be near an end. Growth in November was just 1.8% on a year earlier, including 3.7% for containerized freight, compared to a 7.2% surge seen in the prior three months. The main culprit was a reversal in imports from Europe which fell 6.8% after a 3.0% improvement previously. By contrast Chinese imports continued to expand despite the second full month of duties on $250 billion of imports, though the 4.2% growth was slower than seen previously. The slowdown in total imports was most marked in industrial supply chains. Imports by the a...

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