Tariff tide changing under Biden as China duties do job but start to lose traction

China 2832 Cons. Discr. - Durables 434 Germany 222 Industrials - Capital Goods 548 Info Tech - Tech Hardware 712 Japan 561 Taiwan 180 Tariffs 1745 Trade Deals 961 U.S. 5064

The U.S. Commerce Department has ended its national security tariff review into imports of mobile cranes. The complainant, Manitowoc, cited “a changing economic environment due to the effects of the COVID-19 pandemic” in its request to end the review. Panjiva’s data shows imports of the mobile cranes covered by the case fell by 39.9% year over year in Q3’20. The case was unlikely to proceed under a Biden administration anyway given it covered shipments from allies Germany and Japan, including those by Liebherr and Tadano. While ally-targeting tariffs such as steel and aluminum duties may...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.