Tariff Quote Watch: Husqvarna Cuts Through Trade War Troubles With Supply Switching — Panjiva
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Tariff Quote Watch: Husqvarna Cuts Through Trade War Troubles With Supply Switching

China 3014 Germany 256 Industrials - Capital Goods 609 Japan 621 Quote Watch 452 Sweden 19 Tariffs 1832 U.S. 5362

Power-tool maker Husqvarna reported an increase in its 1Q profit margins despite an ongoing drag from tariffs and higher raw material costs. Management have applied by price increases and supply chain upgrades to do so. The impact of price increases can be seen in revenues that rose despite a 9.4% year over year drop in seaborne shipments to the U.S. in 1Q 2019. The firm has reacted to the U.S.-China trade war with by offsetting a 32.3% reduction in its U.S. imports from China with a 378.8% surge in shipments from Germany. A further restructuring away from China, which accounted for 55.2...

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