Panjiva Daily: Retailers to pass on Trump’s tariffs; Lenovo may shift from China to Mexico — Panjiva
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Panjiva Daily: Retailers to pass on Trump’s tariffs; Lenovo may shift from China to Mexico

Global 1389 Panjiva Daily 723

Major retailers including Best Buy, Home Depot and Target ship at least four-fifths of their U.S. imports from China, and plan to pass on higher tariffs to consumers via higher prices. Lenovo may move computer production to Mexico and the U.S. from China. Also: Nokian looks to inflate its prospects in a shifting tire market; scrapping of tariffs may help U.S. scrap steel exports; Magenta Canary of China tariff drag may leave retailers with shipping needs; ONE’s first in Seattle after shaking off chaotic 2018; U.S. trade deficit likely buoyed up by ocean freight imbalance in April; Trump’...

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