Trump’s Tariffs Trim, Don’t Yet Transform, Imports of Section 232 Metals — Panjiva
MENU

Panjiva_research_logo

Trump’s Tariffs Trim, Don’t Yet Transform, Imports of Section 232 Metals

Belgium 16 European Union 412 France 104 Italy 47 Materials - Metals/Mining 495 Metals - Aluminum 163 Metals - Steel 368 Tariffs 1200 U.S. 3357

America’s section 232 duties on steel and aluminum, introduced by the Trump administration at the end of March and extended at the start of June, have so far trimmed rather than transformed U.S. metals imports. The volume of imports fell 16% in May vs. March levels while seaborne shipments in June were 21% below March’s. The acceleration was due to exemptions being withdrawn from suppliers in the EU, Canada and Mexico. While the mass of imports fell in the second quarter (by 13%) a rise in costs may have led the value of imports to actually increase by 4%. Seaborne shipments from the EU ...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.