Miserable End to The 2010s as Trade War, Weak Demand Slash U.S. Imports — Panjiva


Miserable End to The 2010s as Trade War, Weak Demand Slash U.S. Imports

China 2154 Cons. Discr. - Apparel 286 Cons. Discr. - Autos 779 Cons. Discr. - Durables 201 Cons. Discr. - Retailing 222 India 356 Industrials - Capital Goods 349 Materials - Chemicals 133 Materials - Metals/Mining 565 Metals - Steel 407 South Korea 453 Taiwan 129 Trade Balance 774 U.S. 3915

U.S. seaborne import activity ended the 2019 on a low point after shipments fell by 10.6% year over year in December. That meant the total for the year fell by 1.0%, the worst annual performance since 2009. Trade with China was largely to blame with a 19.1% drop in shipments largely due to the impact of tariffs and the timing of pre-tariff stockpiling a year earlier. The decline in trade isn’t just a China-specific issue though with shipments from Taiwan, South Korea and India all in decline. The drag to demand from tariffs and the higher cost of alternatives can be seen in both consumer...

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